3M Dividends and Buybacks
Dividend criteria checks 1/6
3M is a dividend paying company with a current yield of 2.15% that is well covered by earnings. Next payment date is on 12th December, 2024 with an ex-dividend date of 15th November, 2024.
Key information
2.1%
Dividend yield
1.4%
Buyback Yield
| Total Shareholder Yield | 3.6% |
| Future Dividend Yield | 2.5% |
| Dividend Growth | 6.3% |
| Next dividend pay date | 12 Dec 24 |
| Ex dividend date | 15 Nov 24 |
| Dividend per share | US$2.800 |
| Payout ratio | 46% |
Recent dividend and buyback updates
Recent updates
Stability and Growth of Payments
Fetching dividends data
Stable Dividend: MMM's dividend payments have been volatile in the past 10 years.
Growing Dividend: MMM's dividend payments have fallen over the past 10 years.
Dividend Yield vs Market
| 3M Dividend Yield vs Market |
|---|
| Segment | Dividend Yield |
|---|---|
| Company (MMM) | 2.1% |
| Market Bottom 25% (CL) | 3.2% |
| Market Top 25% (CL) | 9.1% |
| Industry Average (Industrials) | 8.7% |
| Analyst forecast (MMM) (up to 3 years) | 2.5% |
Notable Dividend: MMM's dividend (2.15%) isn’t notable compared to the bottom 25% of dividend payers in the CL market (3.23%).
High Dividend: MMM's dividend (2.15%) is low compared to the top 25% of dividend payers in the CL market (9.14%).
Earnings Payout to Shareholders
Earnings Coverage: With its reasonably low payout ratio (45.9%), MMM's dividend payments are well covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its high cash payout ratio (206.3%), MMM's dividend payments are not well covered by cash flows.