3M Dividend
Dividend criteria checks 3/6
3M is a dividend paying company with a current yield of 4.03%. Next payment date is on 12th September, 2024 with an ex-dividend date of 26th August, 2024.
Key information
4.0%
Dividend yield
203%
Payout ratio
| Industry average yield | 3.6% |
| Next dividend pay date | 12 Sep 24 |
| Ex dividend date | 26 Aug 24 |
| Dividend per share | US$5.210 |
| Earnings per share | US$2.59 |
| Dividend yield forecast in 3Y | 2.5% |
Recent dividend updates
Recent updates
Statutory Profit Doesn't Reflect How Good 3M's (NYSE:MMM) Earnings Are
Aug 02
3M'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 293M: Weak Outlook Sends Shares Lower
Jan 233M: Not The Time To Buy Just Yet
Jan 01These Return Metrics Don't Make 3M (NYSE:MMM) Look Too Strong
Dec 27Calculating The Fair Value Of 3M Company (NYSE:MMM)
Dec 123M: Stock Stabilizing, Remains Undervalued With Strong Free Cash Flow
Nov 30Upcoming Dividend Payment
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 |
|---|
| Segment | Dividend Yield |
|---|---|
| Company (MMM) | 4.0% |
| Market Bottom 25% (US) | 1.4% |
| Market Top 25% (US) | 4.4% |
| Industry Average (Industrials) | 3.6% |
| Analyst forecast in 3 Years (MMM) | 2.5% |
Notable Dividend: MMM's dividend (4.03%) is higher than the bottom 25% of dividend payers in the US market (1.45%).
High Dividend: MMM's dividend (4.03%) is low compared to the top 25% of dividend payers in the US market (4.45%).
Earnings Payout to Shareholders
Earnings Coverage: With its high payout ratio (203%), MMM's dividend payments are not well covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its reasonable cash payout ratio (66.9%), MMM's dividend payments are covered by cash flows.