Environmental stocks in the cleantech and renewable energy fields often get most of the kudos of being “green” stocks, but there’s plenty of profitless potential attached to them. Where there is profit in the environmental field is the waste management and recycling sector, which does not quite come across as glamorously as the cleantech and renewable energy worlds. Here is a look at four of the ASX’s hard-working waste managers and recyclers, which are all doing great work in the dirty jobs that keep society functioning – and generating dividends for shareholders in the process.
Sims Metal Management (SGM, $13.44)
Market capitalisation: $2.7 billion
FY18 projected yield: 3.3%, 83.34% franked
Five-year total return: 8.78% a year
Analysts’ consensus target price: $14.53