Waste Management hikes dividend, OKs $1.25 billion in buybacks

Waste Management Inc. shares ticked higher in the extended session Thursday after the trash disposal and recycling company’s board hiked the quarterly dividend 9.4% and approved share buybacks. Waste management shares rose 1% to $85.47 after hours. The company raised its quarterly dividend to 46.5 cents a share from 42.5 cents a share. Also, Waste Management said it plans to buy back up to $1.25 billion in shares with the plan to go into effect immediately.

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