Analyzing NYSE:MMM's Dividend Potential.
By Mill Chart
Last update: Jan 10, 2024
Our stock screener has spotted 3M CO (NYSE:MMM) as a good dividend stock with solid fundamentals. NYSE:MMM shows decent health and profitability. At the same time it gives a good and sustainable dividend. We'll dive into each aspect below.
ChartMill's Evaluation of Dividend
ChartMill assigns a Dividend Rating to every stock. This score ranges from 0 to 10 and evaluates the different dividend aspects, including the yield, the growth and sustainability. NYSE:MMM scores a 7 out of 10:
- MMM has a Yearly Dividend Yield of 5.55%, which is a nice return.
- MMM's Dividend Yield is rather good when compared to the industry average which is at 7.33. MMM pays more dividend than 90.00% of the companies in the same industry.
- Compared to an average S&P500 Dividend Yield of 2.45, MMM pays a better dividend.
- MMM has been paying a dividend for at least 10 years, so it has 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.
Assessing Health for NYSE:MMM
ChartMill employs its own Health Rating for stock assessment. This rating, ranging from 0 to 10, is calculated by examining various liquidity and solvency ratios. In the case of NYSE:MMM, the assigned 6 reflects its health status:
- Looking at the Altman-Z score, with a value of 2.89, MMM belongs to the top of the industry, outperforming 90.00% of the companies in the same industry.
- The Debt to FCF ratio of MMM is 3.30, which is a good value as it means it would take MMM, 3.30 years of fcf income to pay off all of its debts.
- With an excellent Debt to FCF ratio value of 3.30, MMM belongs to the best of the industry, outperforming 100.00% of the companies in the same industry.
Assessing Profitability for NYSE:MMM
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:
- The Return On Invested Capital of MMM (13.45%) is better than 100.00% of its industry peers.
- The Average Return On Invested Capital over the past 3 years for MMM is significantly above the industry average of 7.30%.
- 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.
- The Gross Margin of MMM (44.07%) is better than 100.00% of its industry peers.
More Best Dividend stocks can be found in our Best Dividend screener.
Our latest full fundamental report of MMM contains the most current fundamental analsysis.
Disclaimer
Important Note: The content of this article is not intended as trading advice. It is essential to perform your own analysis and exercise caution when making trading decisions. The article presents observations created by automated analysis but does not guarantee any trading or investment outcomes. Always trade responsibly and make independent judgments.
3M CO
NYSE:MMM (4/19/2024, 12:26:09 PM)
92.08
+0.6 (+0.66%)
MMM News
2 hours ago - The Motley Fool3M Stock Has 20% Upside, According to 1 Wall Street AnalystThe latest analyst update on the industrial conglomerate highlights the ongoing bull vs. bear debate about its stock.
The latest analyst update on the industrial conglomerate highlights the ongoing bull vs. bear debate about its stock.
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7 days ago - Yahoo FinanceCEE MARKETS-Forint falters as strong dollar hits FXA higher-than-expected U.S. inflation print this week forced traders to adjust their rate cut bets, and Federal Reserve officials said that there was no urgency to ease rates. "(Due to) a repricing in the market of the Fed rate-cut cycle... we can see the dollar strengthening again and on the back of the dollar strengthening we can see some weakness, especially in the forint," said Peter Virovacz, senior economist at ING in Hungary.
8 days ago - Zacks Investment ResearchHere's Why 3M (MMM) Gained But Lagged the Market Today3M (MMM) closed the most recent trading day at $93.18, moving +0.59% from the previous trading session.
8 days ago - Yahoo FinanceCEE MARKETS-FX on firmer footing, inflation retreat keeps rate cuts in focusThe forint added 0.09% to trade at 390 versus the euro as data showed that Hungarian inflation eased in March as expected, but services inflation stayed hot, boosting the view that policymakers may slow the pace of rate cuts. "Inflation data could help the forint, the market is now wondering about the size of the central bank's next rate cut in light of this number," an FX trader in Budapest said. The National Bank of Hungary, which cut interest rates by 75 bps last month, holds its next rate-setting meeting on April 23.
