Is 3m a dividend king?

Is 3M a good dividend stock?

Currently paying a dividend of $1.48 per share, the company has a dividend yield of 3.04%. … Over the last 5 years, 3M has increased its dividend 5 times on a year-over-year basis for an average annual increase of 6.85%.

What is the best dividend king?

The best of the breed

Stock Sector Dividend yield
Parker-Hannifin Industrials 1.4%
Lowe’s Retail 1.7%
Johnson & Johnson Healthcare 2.4%
PPG Industries Basic materials 1.4%

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.

Is MMM a dividend king?

3M (NYSE:MMM) is a household name that gets a lot of recognition for its “dividend king” status. Those companies have increased dividends for at least 50 years every single year.

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.

What is the cheapest dividend king?

Cheap Dividend Kings with Over 2% Yield

  • SJW Group (NYSE: SJW) Number of Hedge Fund Holders: 7 Dividend Yield: 2% Number of Years of Consistent Dividend Increases: 55. …
  • Hormel Foods Corporation (NYSE: HRL) …
  • Colgate-Palmolive Company (NYSE: CL) …
  • Sysco Corporation (NYSE: SYY) …
  • The Coca-Cola Company (NYSE: KO)
THIS IS INTERESTING:  What is divisor and dividend?

Is Pepsi a dividend king?

Pepsi is currently a Dividend Aristocrat, and raised its dividend payout 5% this past May (during a challenging time for many businesses), making this the 49th consecutive year that Pepsi has raised its payout amount.

Will dividends increase in 2021?

The 2021 forecast for dividends is just 3% below the pre-pandemic peak, the firm found. … The research, published Monday, said 84% of companies around the world either increased or maintained their dividends compared to the same quarter in 2020.

What companies are considered dividend kings?

2021 Dividend Kings

Company Sector Consecutive Years of Dividend Increases
3M (NYSE:MMM) Industrials 63
Cincinnati Financial (NASDAQ:CINF) Financial services 61
Johnson & Johnson (NYSE:JNJ) Healthcare 59
Coca-Cola (NYSE:KO) Consumer defensive 59

Is Lowes a dividend king?

One of them is home improvement retailer Lowe’s Companies (LOW), a Dividend King that has declared a cash dividend every quarter since going public in 1961.