Waste Management continues to build a stronger company, and remains on track to generate $1.8B in adjusted free cash flow this year. The continuously increasing dividend makes this company an excellent DGI candidate, as the dividend in 2016 will be hiked by 6.5% while retaining an FCF payout rate of In my never-ending search to find free cash flow companies, I came across Waste Management after a reader drew my attention to it.