3M Dividend
Dividend criteria checks 4/6
3M is a dividend paying company with a current yield of 5.86%. Next payment date is on 12th June, 2024 with an ex-dividend date of 23rd May, 2024.
Key information
5.9%
Dividend yield
-47%
Payout ratio
Industry average yield | 3.1% |
Next dividend pay date | 12 Jun 24 |
Ex dividend date | 23 May 24 |
Dividend per share | n/a |
Earnings per share | -Mex$12.73 |
Dividend yield forecast in 3Y | 3.9% |
Recent dividend updates
Recent updates
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 |
---|
Segment | Dividend Yield |
---|---|
Company (MMM *) | 5.9% |
Market Bottom 25% (MX) | 2.2% |
Market Top 25% (MX) | 6.5% |
Industry Average (Industrials) | 3.1% |
Analyst forecast in 3 Years (MMM *) | 3.9% |
Notable Dividend: MMM *'s dividend (5.86%) is higher than the bottom 25% of dividend payers in the MX market (2.23%).
High Dividend: MMM *'s dividend (5.86%) is low compared to the top 25% of dividend payers in the MX market (6.49%).
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.