Frequent question: What is the dividend for 3m?

How much is 3ms dividend?

Dividend History for 3M Co. (MMM)

Ex-Div. Date Amount Yield
2/13/2020 $1.47 3.7%
11/21/2019 $1.44 3.5%
8/15/2019 $1.44 3.7%
5/23/2019 $1.44 3.5%

Is 3M a good dividend stock?

3M stock is not worth buying for its dividend alone; its current dividend yield is close to a two-year low and translates into a price-to-dividend ratio of over 30 times.

What months are 3M dividends?

MMM Dividend History

  • Aug 19, 2021. $1.48. Aug 12, 2021. Aug 22, 2021. …
  • May 19, 2021. $1.48. May 09, 2021. May 20, 2021. …
  • Feb 10, 2021. $1.48. Jan 31, 2021. Feb 11, 2021. …
  • Nov 18, 2020. $1.47. Nov 08, 2020. …
  • Aug 20, 2020. $1.47. Aug 11, 2020. …
  • May 20, 2020. $1.47. May 10, 2020. …
  • Feb 12, 2020. $1.47. Feb 02, 2020. …
  • Nov 20, 2019. $1.44. Nov 10, 2019.

Does 3M offer dividends?

3M has increased its regular dividend in every year from $0.325/share in 1989 to $5.88/share in 2020, or 10% compounded annually. The current quarterly dividend, when annualized, equals $5.92/share and provides a 3% dividend yield.

Does 3M have a drip?

3M has paid dividends to its shareholders without interruption for more than 100 years and increased the annual dividend for 63 consecutive years. Have your 3M dividends automatically reinvested in additional 3M stock through 3M’s automatic Dividend Reinvestment Plan (the “Plan”).

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Is 3M a dividend aristocrat?

Even with that tiny dividend raise, 3M ensured it maintained its Dividend Aristocrat — rather, its Dividend King — status, as it was 3M’s 63rd consecutive annual dividend increase. … Things are already looking up for 3M — management is projecting 5% to 8% growth in 2021 sales.

Why is 3M stock increasing?

The reopening of the U.S. economy, strong numbers, and a dividend increase fueled the market’s optimism. Investors are now waiting to see whether management will upgrade its 2021 outlook on July 27.

Is 3M a good stock to buy 2021?

3M is still a bargain right now. According to my valuation, the intrinsic value for the stock is $261.66, which is above what the market is valuing the company at the moment. This indicates a potential opportunity to buy low.

Is 3M a good buy right now?

Based on its excellent cash flow generation, 3M is an excellent value option. For example, Wall Street analysts expect $18.6 billion in free cash flow over the next three years, a figure equivalent to nearly 16% of its current market cap. … However, for most investors, 3M continues to present a good value option.