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Strategies & Market Trends : Dividend investing for retirement

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From: Steve Felix	1/7/2010 12:39:15 AM
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WM - from a Dec. 29 article by Zacks: "Waste Management continues to make acquisitions regularly to expand its service offerings and strengthen its market presence. The company closed $82 million in acquisitions during the third quarter. These acquisitions were primarily in its collection line of business and the company expects them to add $53 million of annualized revenues. In total, the company spent $127 million in acquisitions in the first three quarters of 2009. The company’s ability to generate strong cash flows enables it to invest in growth opportunities. Waste Management generated free cash flow of $839 million in the first nine months of 2009 and targets $1.3 billion for the full year. Apart from acquisitions, the company uses its cash flow to pay dividends and repurchase shares. It recently announced its plans to increase its dividend by 8.6%. Also, the company resumed its share repurchase program in the third quarter and repurchased $65 million of stock during the quarter. Despite the current economic downturn, Waste Management continues to invest in growth opportunities and remains committed to returning cash to its shareholders through dividends and share repurchases." finance.yahoo.com

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