3M Company

NYSE:MMM Stock Report

Market Cap: US$71.0b

3M Dividends and Buybacks

Dividend criteria checks 3/6

3M is a dividend paying company with a current yield of 2.75% 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

2.7%

Dividend yield

1.4%

Buyback Yield

Total Shareholder Yield4.2%
Future Dividend Yield2.4%
Dividend Growth6.6%
Next dividend pay date12 Dec 24
Ex dividend date15 Nov 24
Dividend per shareUS$3.610
Payout ratio46%

Recent dividend and buyback updates

Recent updates

3M: Multiple Expansion But Problems Linger

Oct 24

Is 3M (NYSE:MMM) A Risky Investment?

Oct 16
Is 3M (NYSE:MMM) A Risky Investment?

3M's Transformation Uncertain: A Wait-And-See Approach

Oct 01

3M: A Bright Future, But Shares Hit Fair Value Amid Strong Momentum (Rating Downgrade)

Aug 30

Optimistic Investors Push 3M Company (NYSE:MMM) Shares Up 26% But Growth Is Lacking

Aug 24
Optimistic Investors Push 3M Company (NYSE:MMM) Shares Up 26% But Growth Is Lacking

Statutory Profit Doesn't Reflect How Good 3M's (NYSE:MMM) Earnings Are

Aug 02
Statutory Profit Doesn't Reflect How Good 3M's (NYSE:MMM) Earnings Are

3M's New CEO Spills The Beans

Aug 01

3M: Near-Term Growth Looks Limited, But A Fresh Start Is Welcome (Upgrade)

Jul 18

3M: A Dividend Cutter With A Strong Buy Rating

Jul 02

3M Company's (NYSE:MMM) Business Is Yet to Catch Up With Its Share Price

Jul 01
3M Company's (NYSE:MMM) Business Is Yet to Catch Up With Its Share Price

3M Company: Solventum Spinoff Creates More Upside Potential

Jun 17

3M: Huge Risks And No Growth, Why Bother?

Jun 03

3M Stock: Dividend Likely Cut In Half

May 01

CashFlow Hunter On Pair Trading, 3M And Iris Energy

Mar 28

An Intrinsic Calculation For 3M Company (NYSE:MMM) Suggests It's 46% Undervalued

Mar 23
An Intrinsic Calculation For 3M Company (NYSE:MMM) Suggests It's 46% Undervalued

3M Stock: Outlook For This Dividend Stock After Post-Earnings Dip

Feb 27

3M: A Dividend Cut Is Needed To Boost Price Recovery

Feb 02

3M Company's (NYSE:MMM) Business Is Yet to Catch Up With Its Share Price

Jan 29
3M Company's (NYSE:MMM) Business Is Yet to Catch Up With Its Share Price

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 increased over the past 10 years.

Dividend Yield vs Market

3M Dividend Yield vs Market
How does MMM dividend yield compare to the market?
SegmentDividend Yield
Company (MMM)2.7%
Market Bottom 25% (US)1.4%
Market Top 25% (US)4.4%
Industry Average (Industrials)3.0%
Analyst forecast (MMM) (up to 3 years)2.4%

Notable Dividend: MMM's dividend (2.75%) is higher than the bottom 25% of dividend payers in the US market (1.37%).

High Dividend: MMM's dividend (2.75%) is low compared to the top 25% of dividend payers in the US market (4.37%).

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 (266%), MMM's dividend payments are not well covered by cash flows.

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