Is 3M Stock a Buy for 2020?
Dividend King 3M (NYSE: MMM) is set to be one of the most interesting stocks of 2020. With a market cap hovering around $96 billion, a dividend yield of 3.4%, and a 60-year history of raising its dividend, the stock can't be ignored by investors. But is it a buy right now or not?
It's been a difficult year for 3M, with the company cutting its full-year sales and earnings guidance through the year. In fact, management's initial guidance for 2019 called for 2% to 4% growth in organic local-currency sales -- a forecast that didn't inspire confidence even at the time. For reference, 3M is now on track for an organic sales decline of 1% to 1.5%.
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Source Fool.com
