Environmental Services Sector

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Waste Management - >>> WM excels at turning trash into cash for its investors. The provider of waste collection, disposal, and recycling services is the largest such company in North America. Its vast network of existing landfills puts it in a strong competitive position. Strict regulations and rigid homeowner opposition to new landfills make it unlikely that competitors will be able to wrest market share from the garbage king.

WM's profits are well-protected. The company passes on much of its free cash flow to investors via dividends and share repurchases, which boost the share price.

WM delivered its 19th consecutive annual dividend increase in late 2021, increasing it by 13%. Investors who buy shares today can expect many more dividend increases in the years ahead, which makes WM an ideal income stock.

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https://www.fool.com/investing/stock-market/types-of-stocks/income-stocks/



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