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Divdend Stocks: 3 Safe Bets and 3 Adventurous Plays

These picks range from utilities to those profiting off the high seas

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Safe: Waste Management

Waste Management WMDividend Yield: 3.6%

Face it: In good times or bad, garbage is big business, and Waste Management (NYSE:WM) is going the extra mile to deliver for shareholders. Last week, the company reported first-quarter earnings that missed analysts’ EPS estimates by a penny, but restructuring charges were part of that miss.

The company’s restructuring efforts — combined with cost efficiencies and rate hikes where contracts allow — will position Waste Management for future gains, particularly if the churn rate continues to trend lower. The company’s recycling business, as well as its waste-to-energy initiatives, could provide the company with longer-term growth opportunities.

WM’s 16.9 forward P/E and 2.48 PEG are frothy, and like AEP, it’s also trading at all-time highs. But again, WM is a reliable dividend payer, and its yield is an attractive 3.6%.

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