Uncovering Dividend Opportunities with NYSE:MMM.

Our stock screening tool has identified 3M CO (NYSE:MMM) as a strong dividend contender with robust fundamentals. NYSE:MMM exhibits commendable financial health and profitability, all while offering a sustainable dividend. Let's delve into each aspect below.

How We Gauge Dividend for NYSE:MMM

To gauge a stock's dividend quality, ChartMill utilizes a Dividend Rating ranging from 0 to 10. This comprehensive assessment considers various dividend aspects, including yield, history, growth, and sustainability. NYSE:MMM has achieved a 7 out of 10:

• MMM has a Yearly Dividend Yield of 6.29%, which is a nice return.
• MMM's Dividend Yield is rather good when compared to the industry average which is at 7.90. MMM pays more dividend than 90.00% of the companies in the same industry.
• MMM's Dividend Yield is rather good when compared to the S&P500 average which is at 2.63.
• MMM has paid a dividend for at least 10 years, which is a reliable track record.
• MMM has not decreased its dividend for at least 10 years, so it has a reliable track record of non decreasing dividend.

Health Analysis for NYSE:MMM

To gauge a stock's financial health, ChartMill utilizes a Health Rating on a scale of 0 to 10. This comprehensive evaluation encompasses liquidity and solvency, both in absolute terms and in comparison to industry peers. NYSE:MMM has earned a 5 out of 10:

• MMM has a better Altman-Z score (2.79) than 90.00% of its industry peers.
• MMM has a debt to FCF ratio of 3.30. This is a good value and a sign of high solvency as MMM would need 3.30 years to pay back of all of its debts.
• MMM has a better Debt to FCF ratio (3.30) than 100.00% of its industry peers.

Understanding NYSE:MMM's Profitability

ChartMill utilizes a Profitability Rating to assess stocks, scoring them on a scale of 0 to 10. This rating takes into account a variety of profitability ratios and margins, both in absolute terms and in comparison to industry peers. NYSE:MMM has earned a 6 out of 10:

• MMM's Return On Invested Capital of 13.45% is amongst the best of the industry. MMM outperforms 100.00% of its industry peers.
• MMM had an Average Return On Invested Capital over the past 3 years of 13.98%. This is significantly above the industry average of 7.15%.
• MMM's Profit Margin has improved in the last couple of years.
• The Operating Margin of MMM (16.25%) is better than 90.00% of its industry peers.
• MMM has a better Gross Margin (44.07%) than 100.00% of its industry peers.

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Check the latest full fundamental report of MMM for a complete fundamental analysis.

Keep in mind

This is not investing advice! The article highlights some of the observations at the time of writing, but you should always make your own analysis and invest based on your own insights.