Finally, despite the price decline in 2019, 3M stock is not necessarily cheap, either. As we get ready to wrap up 2019, many wonder whether December may offer a good entry point into 3M stock, which currently trades around $167. The group now projects that EPS will likely range from $8.99 to $9.09. However, 3M has not been able to participate in this rally. The company has grown its dividend for the last 1 consecutive years and is increasing its dividend by an average of 9.06% each year. Thus MMM shares will need a catalyst to make them attractive in the eyes of long-term investors, who are probably still skeptical about the near-term prospects for the company. Industrial conglomerate 3M (NYSE:MMM) has not performed well this year, down around 12%.

Therefore, if management can successfully divest from several of its product lines that are not contributing to the bottom line, the MMM stock price is likely to benefit in the coming years. If consumer and investor sentiment were to turn south in 2002, then the 3M share price could easily make another leg down. When MMM stock reported earnings on Oct. 24, it missed on revenue. It ... We have had some new readers join the Dividend Growth Investor website. Q3 results showed that 3M paid $828 million in dividends to shareholders, and it bought back $142 million worth of stock. All rights reserved.

As long as we do not see a cut, the dividend is likely to support the 3M stock price in 2020. By reading this site, you agree that you are solely responsible for making investment decisions in connection with your funds. The unit, which includes products like asthma inhalers and skin patches, has produced $300 million of revenue in the first nine months of the year, down 11% YoY. The company has paid a quarterly dividend since 1920, and that dividend has increased annually for the past 55 years. A payout ratio of over 100% means that a company is paying out more in dividends than it earns. The 8 Wall Street analysts covering the stock currently have hold ratings (which effectively mean sell) on 3M shares. MMM stock’s payout ratio is 0.53 which makes the dividend sustainable as long as the company keeps the earnings around the current levels. As a result, I wanted to discuss briefly what Dividend Growth Invest... Microsoft Corporation (MSFT) develops, licenses, and supports software, services, devices, and solutions worldwide. Copyright © This exercise is helpful in monitoring the progress f... Back in the early 1970s, there was a group of companies which are referred to as “The Nifty Fifty” in the US. It still trades at a forward P/E of 19. The dividend payout ratio can show investors if a stock is paying out either less or more than the company earns. What a laundry list of companies that announced a dividend increase in January. In his commentary, CEO Mike Roman said that macroeconomic conditions remained challenging. These were companies which wer... As part of my monitoring process, I follow the dividend increases for companies I own, and companies on my watchlist.

24) – $150.58 (Oct. 8). Past performance is not a guarantee of future performance. 3M, which has increased its dividend for decades, has traditionally been regarded as a safe dividend play. Dividend Payments by Month (or Quarter) Notify me of follow-up comments by email. This helps me review the story behind companies I already own. The Man Who Recommended 23 1,000% Winners Is Revealing His #1 Stock for 2020. In a low-interest-rate environment, stock investors pay special attention to shares with robust dividend yields. If you continue to use this site we will assume that you are happy with it. . Pollie@polliesdividend.com.



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