Exploring NYSE:MMM's dividend characteristics.

3M CO (NYSE:MMM) is a hidden gem unveiled by our stock screening tool, featuring a promising dividend outlook alongside solid fundamentals. NYSE:MMM demonstrates decent financial health and profitability while ensuring a sustainable dividend. Let's break it down further.

Evaluating Dividend: NYSE:MMM

ChartMill employs its own Dividend Rating system for all stocks. This score, on a scale of 0 to 10, is determined by evaluating different dividend factors, such as yield, historical performance, dividend growth, and sustainability. NYSE:MMM has been assigned a 8 for dividend:

• MMM has a Yearly Dividend Yield of 5.69%, which is a nice return.
• Compared to an average industry Dividend Yield of 6.64, MMM pays a better dividend. On top of this MMM pays more dividend than 90.00% of the companies listed in the same industry.
• Compared to an average S&P500 Dividend Yield of 2.31, 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.
• MMM's earnings are growing more than its dividend. This makes the dividend growth sustainable.

Analyzing Health Metrics

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 5 reflects its health status:

• MMM has a better Altman-Z score (2.86) than 90.00% of its industry peers.
• The Debt to FCF ratio of MMM is 3.17, which is a good value as it means it would take MMM, 3.17 years of fcf income to pay off all of its debts.
• MMM has a better Debt to FCF ratio (3.17) than 90.00% of its industry peers.

Exploring NYSE:MMM's Profitability

ChartMill's Profitability Rating offers a unique perspective on stock analysis, providing scores from 0 to 10. These ratings consider a wide range of profitability metrics and margins, both in comparison to industry peers and on their own merits. For NYSE:MMM, the assigned 6 is a significant indicator of profitability:

• MMM's Return On Invested Capital of 14.08% is amongst the best of the industry. MMM outperforms 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 7.86%.
• The last Return On Invested Capital (14.08%) for MMM is above the 3 year average (14.01%), which is a sign of increasing profitability.
• With an excellent Operating Margin value of 17.66%, MMM belongs to the best of the industry, outperforming 90.00% of the companies in the same industry.
• MMM has a Gross Margin of 43.77%. This is amongst the best in the industry. MMM outperforms 100.00% of its industry peers.

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For an up to date full fundamental analysis you can check the fundamental report of MMM

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.