Waste Management's "Boring" Business Powers Quiet Rally with Growing Demand for Services, Dividend Growth, and Buybacks

Waste Management's Q4 results fell short of estimates, but its high-quality operations and growing demand for services support a quiet rally. The company's solid economic activity, high consumption, and increasing garbage output drive profitable business growth. Its 7.1% revenue growth and 11.7% adjusted earnings increase align with long-term trends, while its dividend yield is approximately 1.45%. The company plans $2 billion in share buybacks and is on track to hit its 25-year dividend Aristocrats inclusion threshold in 2028.