If you're looking for a great dividend stock that is rewarding shareholders with a dividend increase this holiday season, you're in the right place. WM (NYSE: WM), formerly known as Waste Management, offers investors a powerful combination of a strong business with undeniable competitive advantages and an attractive quarterly cash payment to shareholders. The company just announced a fresh dividend increase, adding to its history of consistent growth.

Let's take a closer look at why investors should love WM's dividend.

As North America's largest waste management environmental solutions provider, WM boasts 260 landfills across the U.S. and Canada. This means it possesses critical North American infrastructure, giving WM a key competitive advantage; the barriers to entry into the landfill business are significant. "Landfills are a scarce resource with a rising cost structure," management explained in the company's investor presentation in July. 

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Source Fool.com