3M Dividends and Buybacks
Dividend criteria checks 2/6
3M is a dividend paying company with a current yield of 2.18% 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
2.2%
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
3M: Multiple Expansion But Problems Linger
Oct 24Is 3M (NYSE:MMM) A Risky Investment?
Oct 16
3M's Transformation Uncertain: A Wait-And-See Approach
Oct 013M: A Bright Future, But Shares Hit Fair Value Amid Strong Momentum (Rating Downgrade)
Aug 30Optimistic Investors Push 3M Company (NYSE:MMM) Shares Up 26% But Growth Is Lacking
Aug 24Statutory Profit Doesn't Reflect How Good 3M's (NYSE:MMM) Earnings Are
Aug 023M's New CEO Spills The Beans
Aug 013M: Near-Term Growth Looks Limited, But A Fresh Start Is Welcome (Upgrade)
Jul 183M: A Dividend Cutter With A Strong Buy Rating
Jul 023M Company's (NYSE:MMM) Business Is Yet to Catch Up With Its Share Price
Jul 013M Company: Solventum Spinoff Creates More Upside Potential
Jun 173M: Huge Risks And No Growth, Why Bother?
Jun 033M Stock: Dividend Likely Cut In Half
May 01CashFlow Hunter On Pair Trading, 3M And Iris Energy
Mar 28An Intrinsic Calculation For 3M Company (NYSE:MMM) Suggests It's 46% Undervalued
Mar 233M Stock: Outlook For This Dividend Stock After Post-Earnings Dip
Feb 273M: A Dividend Cut Is Needed To Boost Price Recovery
Feb 023M Company's (NYSE:MMM) Business Is Yet to Catch Up With Its Share Price
Jan 29Stability 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) | 2.2% |
| Market Bottom 25% (US) | 1.4% |
| Market Top 25% (US) | 4.2% |
| Industry Average (Industrials) | 2.4% |
| Analyst forecast (MMM) (up to 3 years) | 2.5% |
Notable Dividend: MMM's dividend (2.18%) is higher than the bottom 25% of dividend payers in the US market (1.37%).
High Dividend: MMM's dividend (2.18%) is low compared to the top 25% of dividend payers in the US market (4.21%).
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.