Here's Why 3M's Dividend Increase Was So Small
For investors who buy dividend stocks, that magical time of the year when your companies increase their dividend payout is like Christmas morning, or like getting a raise from your job. Who doesn't like a pay raise?
Industrial conglomerate 3M (NYSE: MMM) recently raised its dividend for the 63rd year in a row! But the size of the raise might have investors sweating; management increased the payout by one penny per share per quarter, a 1% overall increase, one that hardly instills confidence. But before investors start panicking, let's review 3M's current business financials and see whether the company's historic dividend track record is actually in trouble.
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Source Fool.com
