2 Reasons Buying 3M Could Be a Dividend Stock Mistake
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