Waste Management, Inc. announced that its Board of Directors has approved a 6.3% increase in the planned quarterly dividend rate for 2020, from $0.5125 to $0.545 per share. On an annual basis, the per share dividend rate increases from $2.05 to $2.18. The Board of Directors of company must declare each future quarterly dividend prior to payment. The Board of Directors intends to declare the first quarter 2020 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 2020.