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3M Co (MEX:MMM) 3-Year Dividend Growth Rate : 0.70% (As of Sep. 2024)


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What is 3M Co 3-Year Dividend Growth Rate?

3M Co's Dividends per Share for the three months ended in Sep. 2024 was MXN13.78.

The historical rank and industry rank for 3M Co's 3-Year Dividend Growth Rate or its related term are showing as below:

MEX:MMM' s 3-Year Dividend Growth Rate Range Over the Past 10 Years
Min: 0.7   Med: 6   Max: 20.5
Current: 0.7

During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of 3M Co was 20.50% per year. The lowest was 0.70% per year. And the median was 6.00% per year.

MEX:MMM's 3-Year Dividend Growth Rate is ranked worse than
85.2% of 223 companies
in the Conglomerates industry
Industry Median: 17.8 vs MEX:MMM: 0.70

During the past 12 months, 3M Co's average Dividends Per Share Growth Rate was -26.40% per year. During the past 3 years, the average Dividends Per Share Growth Rate was 0.70% per year. During the past 5 years, the average Dividends Per Share Growth Rate was 1.70% per year. During the past 10 years, the average Dividends Per Share Growth Rate was 7.90% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the average dividends per share growth rate.

3M Co's Dividend Payout Ratio for the three months ended in Sep. 2024 was 0.35. As of today, 3M Co's Dividend Yield % is 2.48%.

Warning Sign:

3M Co stock dividend yield is close to 5-year low.

For more information regarding to dividend, please check our Dividend Page.


Competitive Comparison of 3M Co's 3-Year Dividend Growth Rate

For the Conglomerates subindustry, 3M Co's 3-Year Dividend Growth Rate, along with its competitors' market caps and 3-Year Dividend Growth Rate data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


3M Co's 3-Year Dividend Growth Rate Distribution in the Conglomerates Industry

For the Conglomerates industry and Industrials sector, 3M Co's 3-Year Dividend Growth Rate distribution charts can be found below:

* The bar in red indicates where 3M Co's 3-Year Dividend Growth Rate falls into.



3M Co 3-Year Dividend Growth Rate Calculation

This is the average annual rate that a company has been raising its dividends. The growth rate is calculated with expontential compound based on the latest four year annual data.

Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the average dividends per share growth rate.


3M Co  (MEX:MMM) 3-Year Dividend Growth Rate Explanation

1. Dividend Payout Ratio measures the percentage of the company's earnings paid out as dividends.

3M Co's Dividend Payout Ratio for the quarter that ended in Sep. 2024 is calculated as

Dividend Payout Ratio=Dividends per Share (Q: Sep. 2024 )/ EPS without NRI (Q: Sep. 2024 )
=13.783/ 38.987
=0.35

During the past 13 years, the highest Dividend Payout Ratio of 3M Co was 0.66. The lowest was 0.46. And the median was 0.56.

2. Dividend Yield % measures how much a company pays out in dividends each year relative to its share price.

3M Co Recent Full-Year* Dividend History

Amount Ex-date Record Date Pay Date Type Frequency Forex Rate
USD 0.7000002024-11-152024-11-152024-12-12Cash DividendquarterlyUSD:MXN 20.338100
USD 0.7000002024-08-262024-08-262024-09-12Cash DividendquarterlyUSD:MXN 19.138200
USD 0.7000002024-05-232024-05-242024-06-12Cash DividendquarterlyUSD:MXN 16.803300
USD 1.5100002024-02-152024-02-162024-03-12Cash DividendquarterlyUSD:MXN 17.093700

* GuruFocus has an internal rule that if the most recent dividend payment frequency is at least 4 times a year, then the full year will be calculated according to the frequency of payment or the one-year time frame, whichever is stricter.
* GuruFocus converts dividend currency to local traded share price currency in order to calculate dividend yield. Please refer to the last column "Forex Rate" in the above table.

3M Co's Dividend Yield (%) for Today is calculated as

Dividend Yield %=Most Recent Full Year Dividend/Current Share Price
=65.207207/2681.00
=2.43 %

Current Share Price is MXN2681.00.
3M Co's Dividends per Share for the trailing twelve months (TTM) ended in Today is MXN65.207207.

During the past 13 years, the highest Dividend Yield of 3M Co was 8.28%. The lowest was 2.17%. And the median was 3.63%.

Warning Sign:

3M Co stock dividend yield is close to 5-year low.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


3M Co 3-Year Dividend Growth Rate Related Terms>


3M Co Business Description

Industry
Address
3M Center, St. Paul, MN, USA, 55144
3M, a multinational conglomerate founded in 1902, sells tens of thousands of products ranging from sponges to respirators. The firm is well known for its extensive research and development capabilities, and it is a pioneer in inventing new use cases for its proprietary technologies. 3M is organized across three business segments: safety and industrial (representing around 44% of revenue), transportation and electronics (36%), and consumer (20%). The firm recently spun off its healthcare business, now known as Solventum. Nearly half of 3M's revenue comes from outside the Americas.