3M Co's Dividends per Share for the
three
months ended in Mar. 2023 was $1.50.
The historical rank and industry rank for 3M Co's 3-Year Dividend Growth Rate or its related term are showing as below:
MMM'
s 3-Year Dividend Growth Rate Range Over the Past 10 Years
Min: 1.1 Med: 6.15 Max: 20.5
Current: 1.1
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 1.10% per year. And the median was 6.15% per year.
MMM's 3-Year Dividend Growth Rate is ranked worse than 64.32% of 227
companies
in the Conglomerates industry
Industry Median: 6.30
vs MMM: 1.10
During the past 12 months, 3M Co's average Dividends Per Share Growth Rate was 0.70% per year.
During the past 3 years, the average Dividends Per Share Growth Rate was 1.10% per year.
During the past 5 years, the average Dividends Per Share Growth Rate was 4.30% per year.
During the past 10 years, the average Dividends Per Share Growth Rate was 10.00% 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 stock dividend yield is close to 10-year high.
For more information regarding to dividend, please check our Dividend Page.
Competitive Comparison
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 3-Year Dividend Growth Rate Distribution
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 in comparison to its industry or sector. The grey bar indicates the 3-Year Dividend Growth Rate's extreme value range as defined by GuruFocus.
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 (NYSE: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 Mar. 2023 is calculated as
During the past 13 years, the highest Dividend Payout Ratio of 3M Co was 0.75. The lowest was 0.38. And the median was 0.59.
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 1.500
2023-05-18
2023-05-19
2023-06-12
Cash Dividend
quarterly
USD:USD 1.000000
USD 1.500
2023-02-16
2023-02-17
2023-03-12
Cash Dividend
quarterly
USD:USD 1.000000
USD 1.490
2022-11-17
2022-11-18
2022-12-12
Cash Dividend
quarterly
USD:USD 1.000000
USD 1.490
2022-08-19
2022-08-22
2022-09-12
Cash Dividend
quarterly
USD:USD 1.000000
* 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
Current Share Price is $102.53.
3M Co's Dividends per Share for the trailing twelve months (TTM) ended in Today is $5.98.
During the past 13 years, the highest Dividend Yield of 3M Co was 6.34%. The lowest was 1.79%. And the median was 2.53%.
Good Sign:
3M Co stock dividend yield is close to 10-year high.
* 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 is a multinational conglomerate that has operated since 1902, when it was known as Minnesota Mining and Manufacturing. The company is well known for its research and development laboratory and it leverages its science and technology across multiple product categories. As of 2020, 3M is organized into four business segments: safety and industrial, transportation and electronics, healthcare, and consumer. Nearly 50% of the company's revenue comes from outside the Americas, with the safety and industrial segment constituting a plurality of net sales. Many of the company's 60,000-plus products touch and concern a variety of consumers and end markets.
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