Overlooked Dividend Stocks

This industry is never going away. And even when the economy struggles, such as is the case now, stocks in this industry rarely disappoint investors. They provide consistent dividend payments at growing rates and can be great defensive plays.
I'm talking about waste management companies -- a reliable and profitable industry that has been meeting growing demand as population growth and consumption increases and recycling becomes an important practice.

Even during the worst recessions, people continue to produce waste, which must be collected and processed. In the United States alone, waste management is a $52 billion industry that's growing faster than the country's gross domestic product. Garbage-collecting companies benefit from reliable, annuity-like income streams, which are the result of multi-year contracts with customers that are service-based rather than volume-based. In addition, dividends are secured by generous cash flow, which are often two to three times greater than earnings.

Source: Street Authority

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