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2 Reasons Buying 3M Could Be a Dividend Stock Mistake

TheMotleyFool

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2 Reasons Buying 3M Could Be a Dividend Stock Mistake: https://g.foolcdn.com/editorial/images/725388/high-risk-risky-danger-investing.jpg

3M (NYSE: MMM) has increased its dividend every year for more than six decades. And at recent prices, the yield is well above 5%. Sounds perfect, right? Not so fast. In this video, Motley Fool contributors Jason Hall and Tyler Crowe break down the problems that 3M faces and why they could lead to a dividend cut (or worse). Before you buy 3M, this video is a must-watch, especially if you're looking for income.

*Stock prices used were from the afternoon of March 2, 2023. The video was published on March 21, 2023.

Source Fool.com

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