Dividend Yield: 4.1%
You know what they say: One man’s trash is another man’s treasure.
Our highest-yielding filthy dividend pick is Waste Management (NYSE:WM), the largest waste disposal company in North America.
Besides its hefty payout, the company’s sheer size and business are its biggest assets. Waste Management has a huge network of trash collectors, recycling plants, landfill gas projects and much more. And while the future of cell phones or retail styles might change in the coming years, we can be near certain that we will keep producing plenty of garbage — and will need some place to put it.
It’s fair to point out that Waste Management hasn’t been shining lately. While it boasts 10 consecutive quarters of revenue growth, its gain in the most recent quarter was a mere 3%. And earnings actually took a double-digit hit, making three straight dips.
Still, with gains of just 15% in more than three years, Waste Management shouldn’t be viewed as a growth play anyway, but a consistency play. Investors just need WM shares to tread water to win out. Waste Management has been paying a regular quarterly dividend since 2004, starting at just less than 19 cents and steadily increasing to its current figure of 35 cents, good for a current yield north of 4%.
As of this writing, Alyssa Oursler did not hold a position in any of the aforementioned securities.