3M Dividend
Dividend criteria checks 4/6
3M is a dividend paying company with a current yield of 5.74%. Next payment date is on 12th June, 2024 with an ex-dividend date of 23rd May, 2024.
Key information
5.7%
Dividend yield
-47%
Payout ratio
Industry average yield | 7.5% |
Next dividend pay date | 12 Jun 24 |
Ex dividend date | 23 May 24 |
Dividend per share | n/a |
Earnings per share | -US$12.73 |
Dividend yield forecast in 3Y | 3.8% |
Recent dividend updates
Recent updates
Upcoming Dividend Payment
Stability and Growth of Payments
Fetching dividends data
Stable Dividend: MMM's dividends per share have been stable in the past 10 years.
Growing Dividend: MMM's dividend payments have increased over the past 10 years.
Dividend Yield vs Market
3M Dividend Yield vs Market |
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Segment | Dividend Yield |
---|---|
Company (MMM) | 5.7% |
Market Bottom 25% (CL) | 3.5% |
Market Top 25% (CL) | 10.2% |
Industry Average (Industrials) | 7.5% |
Analyst forecast in 3 Years (MMM) | 3.8% |
Notable Dividend: MMM's dividend (5.74%) is higher than the bottom 25% of dividend payers in the CL market (3.45%).
High Dividend: MMM's dividend (5.74%) is low compared to the top 25% of dividend payers in the CL market (10.69%).
Earnings Payout to Shareholders
Earnings Coverage: MMM is paying a dividend but the company is unprofitable.
Cash Payout to Shareholders
Cash Flow Coverage: With its reasonable cash payout ratio (71.8%), MMM's dividend payments are covered by cash flows.