HOUSTON--(BUSINESS WIRE)--Nov. 12, 2008--Waste Management, Inc. (NYSE:WMI) announced today the declaration of a quarterly cash dividend of $0.27 per share payable December 19, 2008 to stockholders of record on December 1, 2008.

About Waste Management

Waste Management, Inc., based in Houston, Texas, is the leading provider of comprehensive waste management services in North America. Through its subsidiaries, the company provides collection, transfer, recycling and resource recovery, and disposal services. It is also a leading developer, operator and owner of waste-to-energy and landfill gas-to-energy facilities in the United States. The company's customers include residential, commercial, industrial, and municipal customers throughout North America.

CONTACT: Waste Management, Inc., Houston
             Analysts: Jim Alderson, 713-394-2281
             or
             Media: Lynn Brown, 713-394-5093
             http://www.wm.com 

SOURCE: Waste Management, Inc.