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

: 1.10% (As of Mar. 2023)
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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's Dividend Payout Ratio for the three months ended in Mar. 2023 was 0.85. As of today, 3M Co's Dividend Yield % is 5.84%.

Good Sign:

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

Dividend Payout Ratio=Dividends per Share (Q: Mar. 2023 )/ EPS without NRI (Q: Mar. 2023 )
=1.5/ 1.76
=0.85

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 1.5002023-05-182023-05-192023-06-12Cash DividendquarterlyUSD:USD 1.000000
USD 1.5002023-02-162023-02-172023-03-12Cash DividendquarterlyUSD:USD 1.000000
USD 1.4902022-11-172022-11-182022-12-12Cash DividendquarterlyUSD:USD 1.000000
USD 1.4902022-08-192022-08-222022-09-12Cash DividendquarterlyUSD: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

Dividend Yield %=Most Recent Full Year Dividend/Current Share Price
=5.98/102.53
=5.83 %

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 Co 3-Year Dividend Growth Rate Related Terms>


3M Co (NYSE:MMM) Business Description

3M Co logo
Industry
Address
3M Center, St. Paul, MN, USA, 55144
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.
Executives
Suzan Kereere director 255 FISERV DRIVE, BROOKFIELD WI 53045
Kevin H Rhodes officer: EVP & Chief Legal Officer 3M COMPANY, 3M CENTER, BLDG 220-09-E-02, ST. PAUL MN 55144-1000
Peter D Gibbons officer: Group President 2401 UTAH AVENUE SOUTH, SUITE 800, SEATTLE WA 98134
Chavez Rodriguez Beatriz Karina officer: Senior Vice President 3M COMPANY, 3M CENTER BLDG 220-09-E-02, ST. PAUL MN 55144-1000
Mark W. Murphy officer: Executive Vice President ONE ST. JUDE MEDICAL DRIVE, ST. PAUL MN 55117
Zoe L Dickson officer: Executive Vice President 3M COMPANY, 3M CENTER, BLDG 220 09 E-02, ST. PAUL MN 55144-1000
James R Fitterling director 2211 H.H. DOW WAY, MIDLAND MI 48674
Jeffrey R Lavers officer: Executive Vice President 3M COMPANY, 3M CENTER, BLDG 220 09 E-02, ST. PAUL MN 55144-1000
Veena M Lakkundi officer: Senior Vice President 3M COMPANY, 3M CENTER, BLDG 220 09 E-02, ST. PAUL MN 55144-1000
Monish D Patolawala officer: Senior VP and CFO 3M COMPANY, 3M CENTER, BLDG 220 09 E-02, ST. PAUL MN 55144-1000
Vinita Lee Piper other: IVM001 712 WILCREST, SUITE 3020, HOUSTON TX 77042
Pamela Craig director C/O ACCENTURE, 161 N CLARK STREET, CHICAGO IL 60601
Ty R Silberhorn officer: Senior Vice President 3M COMPANY OFFICE OF GENERAL COUNSEL, 3M CENTER, ST PAUL MN 55144-1000
Theresa E Reinseth officer: Vice President/CAO 3M COMPANY OFFICE OF GENERAL COUNSEL, 3M CENTER, ST PAUL MN 55144-1000
Denise R Rutherford officer: Senior Vice President 3M COMPANY OFFICE OF GENERAL COUNSEL, 3M CENTER, ST PAUL MN 55144-1000

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