By the close of today, September 12, 2023, 3M MMM will issue a dividend payout of $1.50 per share, resulting in an annualized dividend yield of 5.77%. Only those investors who owned the stock prior to the ex-dividend date on August 18, 2023 will receive this payout.
3M Recent Dividend Payouts
| Ex-Date | Payments per year | Dividend | Yield | Announced | Record | Payable |
|---|---|---|---|---|---|---|
| 2023-08-18 | 4 | $1.5 | 5.77% | 2023-08-11 | 2023-08-21 | 2023-09-12 |
| 2023-05-18 | 4 | $1.5 | 5.86% | 2023-05-09 | 2023-05-19 | 2023-06-12 |
| 2023-02-16 | 4 | $1.5 | 5.15% | 2023-02-07 | 2023-02-17 | 2023-03-12 |
| 2022-11-17 | 4 | $1.49 | 4.78% | 2022-11-08 | 2022-11-18 | 2022-12-12 |
| 2022-08-19 | 4 | $1.49 | 3.98% | 2022-08-12 | 2022-08-22 | 2022-09-12 |
| 2022-05-19 | 4 | $1.49 | 3.91% | 2022-05-10 | 2022-05-20 | 2022-06-12 |
| 2022-02-17 | 4 | $1.49 | 3.7% | 2022-02-08 | 2022-02-18 | 2022-03-12 |
| 2021-11-18 | 4 | $1.48 | 3.26% | 2021-11-09 | 2021-11-19 | 2021-12-12 |
| 2021-08-20 | 4 | $1.48 | 2.94% | 2021-08-13 | 2021-08-23 | 2021-09-12 |
| 2021-05-20 | 4 | $1.48 | 2.86% | 2021-05-11 | 2021-05-21 | 2021-06-12 |
| 2021-02-11 | 4 | $1.48 | 3.39% | 2021-02-02 | 2021-02-12 | 2021-03-12 |
| 2020-11-19 | 4 | $1.47 | 3.6% | 2020-11-10 | 2020-11-20 | 2020-12-12 |
With a dividend yield that places it neither at the top nor the bottom, 3M finds itself in the middle among its industry peers, while 1847 Holdings EFSH boasts the highest annualized dividend yield at 852.27%.
Analyzing 3M Financial Health
Companies that pay out steady cash dividends are attractive to income-seeking investors, and companies that are financially healthy tend to maintain their dividend payout schedule. For this reason, investors can find it insightful to see if a company has been increasing or decreasing their dividend payout schedule and if their earnings are growing.
YoY Growth in Dividend Per Share
As you can see, from 2019 to 2022, investors saw an average increase in the company's dividend per share, rising from $5.76 in 2019 to $5.96 in 2022. This is good for investors because it shows that the company has steadily returned more capital back to their shareholders and it could mean that they are planning to continue increasing dividends.
YoY Earnings Growth For 3M
From 2019 to 2022, 3M experienced a growth in earnings per share, with an increase from $9.32 to $10.13. This positive earnings trend indicates the company's potential to enhance their cash dividend payout, which can benefit income-seeking investors.
Recap
In this article, we explore the recent dividend payout of 3M and its significance for shareholders. The company has decided to distribute a dividend of $1.50 per share today, which equates to an annualized dividend yield of 5.77%.
With a dividend yield that places it neither at the top nor the bottom, 3M finds itself in the middle among its industry peers, while 1847 Holdings boasts the highest annualized dividend yield at 852.27%.
With an increase in dividend per share and earnings per share from 2019 to 2022, 3M demonstrates a healthy financial status and is likely to maintain their dividend distribution to investors.
Keeping a close watch on the company's performance in the coming quarters will enable investors to stay abreast of any modifications in financials or dividend disbursements.
[See current stock movements 3M on Benzinga.](https://www.benzinga.com/quote/3M (NYSE: MMM))
This article was generated by Benzinga's automated content engine and reviewed by an editor.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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