Shares of industrial conglomerate 3M (NYSE: MMM) are down by more than a third from their 2018 highs. That's set up an interesting situation for long-term investors focused on dividends. Here are some of the key pros and cons you need to think about before making a final call on whether to invest in this industrial conglomerate.
3M's stock price peaked in early 2018 and is now down by around 36%. Over that same span, the S&P 500 index is up 20% and the company's industrial peers, using Industrial Select Sector SPDR ETF as a proxy, have lost about 4%. Put simply, 3M is underperforming the broader market and its sector.
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Source Fool.com