How Safe Is 3M's Dividend?
Conglomerate 3M (NYSE: MMM) has a wide variety of businesses that span several different sectors of the economy. From its much-lauded Post-It Notes to important niche offerings in fields like technology, healthcare, energy, and aerospace, 3M has been able to use its innovation to grow and share its profits with investors through rising dividends. With a solid dividend yield and good prospects ahead, investors want to know whether they can rely on 3M's dividend going forward. The following analysis looks at 3M and the aspects that can tell you whether the dividend is likely to be safe in the future.
Current Quarterly Dividend Per Share
$1.175
Source: Fool.com
3M Company Stock
€94.66
-0.700%
Based on 8 Buy predictions and 8 Sell predictions the sentiment towards 3M Company is rather balanced.
As a result the target price of 103 € shows a slightly positive potential of 8.81% compared to the current price of 94.66 € for 3M Company.
