Investors looking to tap into the potential of Waste Management, Inc. are gearing up for the company’s upcoming third-quarter earnings report, set to be released on October 28, 2024. This Houston-based company has been a focal point for those interested in sustainable investments and dividend income.

Analysts are projecting that Waste Management will report earnings of $1.89 per share for the quarter, a notable increase from the $1.63 reported during the same period last year. Furthermore, revenue is expected to reach approximately $5.51 billion, up from $5.2 billion in the previous year’s quarter, indicating a positive trajectory for the company.

With the recent coverage initiated by William Blair analyst Trevor Romeo, who has given Waste Management an ‘Outperform’ rating, investor interest in the stock is on the rise. This is especially true for those eyeing the company’s dividend offerings as part of their investment strategy.

Currently, Waste Management boasts an annual dividend yield of 1.44%, translating to a quarterly dividend payment of 75 cents per share, or $3.00 annually. For investors aiming to generate significant monthly income from dividends, calculations are essential to determine the number of shares required to meet their financial goals.

To achieve a target of $500 in monthly dividend income, an investor would first need to establish an annual income goal of $6,000. This is calculated by multiplying the monthly target by 12 months. Using Waste Management’s annual dividend of $3.00, the calculation is as follows:

• $6,000 / $3.00 = 2,000 shares

This means an investment of approximately $417,820 would be necessary to generate a monthly dividend income of $500 from Waste Management.

For those with a more conservative approach, aiming for a monthly dividend income of $100 would require owning 400 shares. Again, the annual income goal of $1,200 is derived from:

• $1,200 / $3.00 = 400 shares

This translates to an investment of around $83,564 to achieve the desired monthly income of $100.

It’s important for potential investors to keep in mind that dividend yields are not static. They fluctuate based on changes in both the stock price and the dividend payments made by the company. For instance, if the stock price rises, the dividend yield will decrease unless the company increases its dividend payout. Conversely, a drop in stock price can lead to a higher dividend yield if the dividend payment remains unchanged.

As of the latest trading session, shares of Waste Management experienced a slight decline of 1.4%. This minor dip may present an opportunity for investors to consider entering or expanding their positions in the stock ahead of the earnings report.

In summary, Waste Management continues to be an attractive option for investors focusing on dividend income, especially as the company prepares to announce its earnings. With solid growth projections and a commitment to returning value to shareholders, it remains a key player in the waste management sector.