Is 3M Stock a Buy?
When a company with an iconic name like 3M (NYSE: MMM) is trading in the Wall Street dog house, it pays to at least take a look. Maybe you'll like what you see, maybe you won't, but it is better to know than look back and wish you had paid attention. Here's a quick overview of the good and bad with regard to 3M today.
3M has increased its dividend annually for over six decades. That makes it a highly elite Dividend King. Adding to the allure, the stock's 5.8% dividend yield is at the high side of the company's historical yield range. In fact, the yield today is even higher than it was during the Great Recession. Add in slow and steady dividend growth, chiming in at more than 9% annualized over the past decade, and you can easily see why dividend investors would be interested in the stock right now.
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Source Fool.com
