After reaching an all-time high of $259.77 in Jan. 2018, MMM stock price has been in a multi-month decline. This was not a surprise, since the bank stated that th... A few months ago I read an article where someone expressed their hope that tobacco giant Altria (MO) goes to zero. 24) – $150.58 (Oct. 8). All rights reserved. quotes delayed at least 15 minutes, all others at least 20 minutes. Last week MMM announced a 5.9% increase in its quarterly dividend.The dividend is raised from $1.36 to $1.44. Over the past year, the 3M stock price which has missed the broader market rally in 2019, is down about 15%. I review the list of dividend increases as part of my monitoring process. Nasdaq This site uses Akismet to reduce spam. Dividend Payments by Month (or Quarter) Dividend increase Royal Ahold Delhaize (AD.AS) - 2020, Johnson & Johnson (JNJ) - Dividend increase – 2020, Dividend increase of the Coca Cola company (KO) - 2019, Archer Daniel Midland Company (ADM) Stock Analysis - Pollie Style for June 2020, Does my investment pay a higher dividend? We use cookies to ensure that we give you the best experience on our website. As of this writing, the author did not hold a position in any of the aforementioned securities. I want to share my journey to hopefully inspire others and also to track my progress towards my ultimate goal of financial independence. 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. This helps me review the story behind companies I already own. I am a long term buy and hold investor who focuses on dividend growth stocks, 3M Company (MMM) operates as a diversified technology company worldwide, which operates in five segments: Industrial, Safety and Graphics, Health Care, Electronics and Energy, and Consumer segments. MMM's most recent quarterly dividend payment was made to shareholders of record on Saturday, September 12. Enter your email address to subscribe to my blog and receive notifications of new posts by email. When MMM stock reported earnings on Oct. 24, it missed on revenue. Therefore, in the coming week, I expect MMM stock to trade within a range of $150-$175. 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. 3M is fairly valued at 17.60 times forward earnings, Dividends versus Share Buybacks/Stock repurchases, Twelve Companies Raising Dividends To Their Investors, Wells Fargo Cuts Dividends by 80% to 10 cents/share, Eight Dividend Growth Stocks Rewarding Shareholders With a Raise, Three Companies Raising Dividends to Shareholders, Buffett on ignoring stock price fluctuations and thinking like a business owner, How to retire in 10 years with dividend stocks, How to become a successful dividend investor, Eleven Dividend Growth Stocks In The News, Dividend Growth Investor Newsletter Memorial Day Sale. The company produces and sells a diverse line of products from adhesive tapes to air filters, filters for computer screens, heat shrink tubing, knee supports, lint rollers, lubricants, safety goggles, and sandpaper. The dividend payout ratio can show investors if a stock is paying out either less or more than the company earns. However, 3M has not been able to participate in this rally. The group now projects that EPS will likely range from $8.99 to $9.09. 3M Company (MMM) will begin trading ex-dividend on February 14, 2019. The dividend pay date is March 12, 2019 to shareholders of record on February 15, 2019 (ex dividend February 14, 2019). It ... We have had some new readers join the Dividend Growth Investor website. I did not link to this co... As part of my monitoring process, I review the list of dividend increases every week. 3M, which has increased its dividend for decades, has traditionally been regarded as a safe dividend play. Q3 results showed that 3M paid $828 million in dividends to shareholders, and it bought back $142 million worth of stock. 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. If consumer and investor sentiment were to turn south in 2002, then the 3M share price could easily make another leg down. The downtrend since January 2018 and especially since April 2019 is a stark reminder that the all-time high of $259.77 is now in the rear-view mirror. Copyright © 2020 InvestorPlace Media, LLC. More abysmal quarters could threaten the dividend. 3M and sia Abrasives Industries AG Settle Patent Infringement Disputes ... January 29, 2019. 3M Board Declares Quarterly Dividend November 12, 2019. For example, if 3M Company continues to get rid of underperforming businesses, then the Street may up its price expectations. Its previous outlook for the period had EPS between $9.25-$9.75. Please consult with an investment professional before you invest your money. So not much different from you; an investor with a busy life with limited time to trade. 3M pays out 64.62% of its earnings out as a dividend. We are not liable for any losses suffered by any party because of information published on this blog. In a low-interest-rate environment, stock investors pay special attention to shares with robust dividend yields. If you aren’t already long MMM stock, you may want to remain on the sidelines until the earnings report expected in January 2020 to give yourself time to study the balance sheet as well as the outlook by the management. This morning Wells Fargo cut dividends by 80%, from 51 cents/share to 10 cents/share. It still trades at a forward P/E of 19. Investor contact. In his commentary, CEO Mike Roman said that macroeconomic conditions remained challenging. A cash dividend payment of $1.44 per share is scheduled to be paid on March … Thus, at this point, I’d encourage potential investors to not rush into buying the stock. 3M is a cyclical stock and its fortunes are in part tied to the health of the economy both in the U.S. and globally. 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. Article printed from InvestorPlace Media, https://investorplace.com/2019/12/dividend-jeopardy-3m-stock/. Eight Dividend Achievers Showering Owners With Mor... United Parcel Service (UPS) Dividend Stock Analysis. 1125 N. Charles St, Baltimore, MD 21201. MMM stock’s 52-week range has been 219.75 (Apr. Management also cut its full-year organic sales growth and earnings to reflect. 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. Furthermore, MMM stock’s short-term technical chart, trend lines, and support and resistance levels are telling investors to exercise caution. 1 year ago. Your portfolio is like a bar of soap...the more you handle it the smaller it gets. This site is for entertainment and educational use only - any opinion expressed on the site here and elsewhere on the internet is not a form of investment advice provided to you. Past performance is not a guarantee of future performance. Dividend stocks can be one of the best ways to generate a regular passive income for long-term shareholders. In comparison, the company earned $8.89/share in 2018. Learn how your comment data is processed. Here is a detailed look at the prospects for 3M stock so that potential investors may decide if the shares should belong in their long-term portfolio. You can contact me at dividendgrowthinvestor at gmail dot com. 3M Announces Upcoming Investor Events January 11, 2019. The company has managed to deliver a 4.30% average increase in annual EPS since 2007. Unless your investments are FDIC insured, they may decline in value. Fidelity Magellan (FMAGX) was one of the top performing ... , and I am not providing you with individual investment advice on this site. In other words, could MMM share price have already seen the high for 2019? For example, Feb. 21 expiry at-the-money (ATM) covered calls may enable you to hedge your long position in case of profit-taking following the earnings report. Now the 3M stock is hovering around $167. I am of the camp that 3M’s weakness in 2019 is a clear reflection of investor sentiment and major fundamental worries, especially regarding a large conglomerate with various legal woes and which is going through a major restructuring process amidst falling revenues. Required fields are marked *. Financial Market Data powered by FinancialContent Services, Inc. All rights reserved. 3M stock was up over 3% when the news came out. At this point, the bulls are not yet fully in control. Sales of $8.0 billion were down 2.0% YoY. And the average target price is $170. The next 3M Co. dividend is expected to go ex in 1 … 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. If there is any broader market weakness, say due to market worries over U.S.-China trade wars, MMM share price may be further adversely affected. I use information in my articles I believe to be correct at the time of writing them on my site, which information may or may not be accurate. Your email address will not be published. Last week MMM announced a 5.9% increase in its quarterly dividend.The dividend is raised from $1.36 to $1.44. Pollie@polliesdividend.com. Its current yield stands at 3.4%. Find the latest dividend history for 3M Company Common Stock (MMM) at Nasdaq.com. Questions or Comments? The company has paid a quarterly dividend since 1920, and that dividend has increased annually for the past 55 years. If you are an investor who also pays attention to longer-term technical charts, then you may want to know that over the past 18 months, 3M stock has suffered from a damaging technical picture. If you already own 3M shares, you may also consider initiating covered call positions in conjunction with being long MMM stock. My projected annual (2019) total amount from my shares of MMM will be €64.79 ($73.44) after taxes. The dividend yield on current price is 2.87%. Bigger is not necessarily better. Not only Wall Street but also 3M’s management realizes that very few companies have the capital, time, or technology to build a sizable market share in many of the lines of business. This process can also... One of my favorite Berkshire Hathaway letters to shareholders is the one from 2013 . . The Man Who Recommended 23 1,000% Winners Is Revealing His #1 Stock for 2020. Operating income of $2.01 billion was down slightly from Q3 2018’s $2.02 billion. 3M is expected to earn somewhere between $9.25 and $9.75/share in 2019. “We continued to face softness in certain end markets; namely China, automotive and electronics, which represent 30% of our company,” said Roman during the post-earnings conference call. Expected Dividend Increases in February 2019. The 8 Wall Street analysts covering the stock currently have hold ratings (which effectively mean sell) on 3M shares. If you are considering investing in MMM shares, you may want to start building a position between the $150 and $160, and expect to hold the stock for several years. You’ll get the name & ticker of Matt McCall’s top pick when you tune in to his FREE event. I mentioned it above; however, I want to emphasize this again. The results include a one-time divestiture gain of 14 cents a share. Notify me of follow-up comments by email. Investors’ recent positive reaction can be explained by looking at 3M’s website: its product range includes over 50,000 items! 2020 InvestorPlace Media, LLC. Net income rose to $1.58 billion, or $1.72 a share, from $1.54 billion, or $2.58 a share, in the year-ago period. 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.