News Image

Exploring NYSE:MMM's dividend characteristics.

By Mill Chart

Last update: Apr 1, 2024

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.

Our Best Dividend screener lists more Best Dividend stocks and is updated daily.

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.

Back

3M CO

NYSE:MMM (5/30/2024, 8:35:09 AM)

97.4457

-0.11 (-0.12%)

MMM News

News Image8 hours ago - InvezzAnalysts are bullish on the 3M stock price: should you?

3M (NYSE: MMM) stock price has lagged behind the market as the company has moved from one crisis to the other. It has crashed by about 35% from its highest point in 2021, making it one of the worst-performing companies in the Dow Jones Industrial Average.  A good turnaround story 3M’s shares have plunged in […]

News Image16 hours ago - Zacks Investment Research3M (MMM) Sees a More Significant Dip Than Broader Market: Some Facts to Know

In the closing of the recent trading day, 3M (MMM) stood at $97.56, denoting a -1.13% change from the preceding trading day.

News Imagea day ago - 3M Company3M Announces Upcoming Investor Event

/PRNewswire/ -- 3M (NYSE: MMM) today announced the following investor event: 2024 Wells Fargo Industrials Conference on Tuesday, June 11, 2024. Monish...

News Image11 days ago - The Motley Fool3 High-Yield Dividend ETFs to Buy to Generate Passive Income

These ETFs could be just the ticket for income investors.

News Image12 days ago - The Motley FoolWhat Is the Dividend Payout for 3M Stock?

The industrial company's payout ratio suggests it can grow the dividend aggressively, but investors should think twice.

News Image12 days ago - The Motley FoolWhy You Might Regret Buying 3M Stock: 1 Better High-Yield Dividend Stock to Buy Now

Despite improvements in its business, the yield trap has been spring.

News Image12 days ago - The Motley FoolShould You Buy the 3 Highest-Paying Dividend Stocks in the Dow Jones?

Dow, Verizon, and 3M top the list of high-yield Dow Jones stocks, but are they worth owning and are the dividends all what they seem?

News Image13 days ago - Press Release Distribution ServiceVehicle Graphics: The Art and Science Behind Eye-Catching Branding
News Image13 days ago - The Motley Fool1 Wall Street Analyst Thinks 3M Stock Is Going to $140. Is It a Buy Around $105?

The industrial company's stock received another update from a highly regarded analyst recently.

News Image13 days ago - The Motley FoolIs 3M Spinoff Solventum a Buy? (And What It Means for 3M Investors)

The healthcare spinoff looks cheap, but there are some big hurdles it has to clear.

News Image14 days ago - InvestorPlaceDivide and Conquer: 3 Stock Spinoffs Set to Trounce the Market

The market often doesn't know what to make of them at first, giving savvy investors first crack at these stock spinoffs to buy.

News Image14 days ago - ChartmillCurious about the S&P500 stocks that are in motion on Thursday? Join us as we explore the top movers within the S&P500 index during today's session.

Stay updated with the movements of the S&P500 index in the middle of the day on Thursday. Discover which stocks are leading as top gainers and losers in today's session.

MMM Links
Follow us for more