Beat the Dow Jones With This Cash-Gushing Dividend Stock

Since the turn of the century, Waste Management (NYSE: WM) has been a standout investment -- rising 600%, or nearly double the Dow Jones Industrial Average's 310% total return. Of course, we can't merely point to the past and say, "Therefore, Waste Management is a buy going forward."

But we can discuss why the company's immense cash generation ability leaves it positioned to be a winning investment over the next two decades. Generating $4.4 billion in cash from operations over the past year alone, the company has excess cash flows to fund new growth initiatives -- further entrenching its leadership position in the waste and recycling industry.

Here's what makes the company an excellent bet to continue beating the Dow Jones over the long haul.

Source Fool.com