Key Developments: Waste Management Inc (WM)
40.43USD
19 Jun 2013
$-0.42 (-1.04%)
$40.85
$40.84
$40.85
$40.41
144,495
2,214,999
$43.00
$30.82
Latest Key Developments (Source: Significant Developments)
Waste Management Inc Announces Cash Dividend
Waste Management Inc announced that the declaration of a quarterly cash dividend of $0.365 per share payable June 21, 2013 to stockholders of record on June 7, 2013. Full Article
Waste Management Inc Reaffirmed FY 2013 EPS Guidance-Conference Call
Waste Management Inc reaffirmed its fiscal 2013 guidance and expects adjusted earnings to be in the range of $2.15 to $2.20 per diluted share (EPS). According to I/B/E/S Estimates, analysts on an average were expecting the Company to report EPS of $2.17 for fiscal 2013. Full Article
Waste Management Inc Announces Cash Dividend
Waste Management Inc announced the declaration of a quarterly cash dividend of $0.365 per share payable March 22, 2013 to stockholders of record on March 11, 2013. Full Article
Waste Management Inc Issues FY 2013 EPS Guidance Below Analysts' Estimates
Waste Management Inc announced that it forecasts fiscal 2013 adjusted earnings to be in the range of $2.15 to $2.20 per diluted share (EPS). According to I/B/E/S Estimates, analysts on an average were expecting the Company to report EPS of $2.29 for fiscal 2013. Full Article
Waste Management Inc Announces Dividend; Authorizes Share Repurchase
Waste Management Inc announced that the Board of Directors has announced intention to increase the dividend to $1.46 per share on an annual basis, at an approximate annual cost of $680 million. The Board must separately declare each dividend. The Board has authorized up to $500 million in share repurchases. The amount of share repurchases will depend on a number of factors, including changes from expected levels of capital expenditures, business acquisitions, investments and debt repayments. Full Article
Waste Management Inc Announces Acquisition Of Greenstar LLC From NTR Plc
Waste Management Inc announced that its subsidiary, WM Recycle America, L.L.C., has acquired Greenstar, LLC from NTR plc. The acquisition will provide Waste Management`s customers with greater access to recycling solutions by adding the operations of one of the private recyclers to Waste Management`s already extensive recycling network. This acquisition aligns with Waste Management`s financial goals of growing earnings, expanding margins, increasing free cash flow, and increasing returns on invested capital. Operational activities at these facilities will continue as normal while integration with WM proceeds in the weeks ahead. Terms of the transaction were not disclosed. Full Article
Waste Management Inc Announces Plan To Increase Quarterly Dividend Payments
Waste Management Inc announced that Board of Directors has approved a 2.8% increase in the planned quarterly dividend rate, from $0.355 to $0.365 per share. The Board of Directors intends to declare the first quarter 2013 dividend in February, at which time the Company will announce the record and payment dates for this dividend. It is expected that the first increased dividend will be paid in March of 2013. Full Article
Waste Management Inc Announces Cash Dividend
Waste Management Inc announced the declaration of a quarterly cash dividend of $0.355 per share payable December 14, 2012 to stockholders of record on November 28, 2012. Full Article
Waste Management Inc Lowers FY 2012 EPS Guidance
Waste Management Inc announced that for fiscal 2012, it expects a second half reduction in earnings of $0.14 per share, which is $0.07 more than previous prediction. The additional $0.07 impact from lower commodity prices would adjust the EPS guidance to a range of $2.08 to $2.13 per diluted share. According to I/B/E/S Estimates, analysts are expecting the Company to report EPS of $2.10 for fiscal 2012. Full Article
Waste Management Inc Announces Pricing of $500 Million Senior Notes
Waste Management Inc announced that it has priced an underwritten public offering of $500 million aggregate principal amount of 2.90% senior notes due September 15, 2022 under an effective shelf registration statement previously filed with the Securities and Exchange Commission. The notes will be fully and unconditionally guaranteed by the Company’s wholly-owned subsidiary, Waste Management Holdings, Inc. The notes have been assigned ratings of BBB by both Standard & Poor’s and Fitch and Baa3 by Moody’s. The offering is expected to close on Sept. 12, 2012. The Company plans to use the net proceeds of the offering to repay the $400 million principal amount of its outstanding 6.375% senior notes when they mature in November, plus accrued and unpaid interest on those notes. All remaining proceeds will be used for general corporate purposes, including additions to working capital and capital expenditures. Barclays Capital Inc., BNP Paribas Securities Corp., and Merrill Lynch, Pierce, Fenner & Smith Incorporated are acting as joint book-running managers of the offering. In addition, Goldman, Sachs & Co., J.P. Morgan Securities LLC, Morgan Stanley & Co. LLC, PNC Capital Markets LLC, Scotia Capital (USA) Inc., and U.S. Bancorp Investments, Inc. are acting as co-managers of the offering. Full Article
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