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3M Co (MMM) Dividend Yield % : 5.09% (As of Jul. 16, 2024)


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What is 3M Co Dividend Yield %?

As of today (2024-07-16), the Trailing Annual Dividend Yield of 3M Co is 5.09%.

Warning Sign:

3M Co stock dividend yield is close to 2-year low.

The historical rank and industry rank for 3M Co's Dividend Yield % or its related term are showing as below:

MMM' s Dividend Yield % Range Over the Past 10 Years
Min: 2.14   Med: 3.26   Max: 8.28
Current: 5.09

During the past 13 years, the highest Dividend Yield of 3M Co was 8.28%. The lowest was 2.14%. And the median was 3.26%.

MMM's Dividend Yield % is ranked better than
82.6% of 339 companies
in the Conglomerates industry
Industry Median: 2.74 vs MMM: 5.09

3M Co's Dividend Payout Ratio for the three months ended in Mar. 2024 was 0.63.

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.

As of today (2024-07-16), the Forward Dividend Yield % of 3M Co is 2.68%.

3M Co's Dividends per Share for the three months ended in Mar. 2024 was $1.51.

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 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.

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.

The growth rate is calculated with least square regression.

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


3M Co Dividend Yield % Historical Data

The historical data trend for 3M Co's Dividend Yield % can be seen below:

* 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.

* Premium members only.

3M Co Dividend Yield % Chart

3M Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Dividend Yield %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.26 3.36 3.33 4.94 5.49

3M Co Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Dividend Yield % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 5.68 5.97 6.40 5.49 5.67

Competitive Comparison of 3M Co's Dividend Yield %

For the Conglomerates subindustry, 3M Co's Dividend Yield %, along with its competitors' market caps and Dividend Yield % 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 Dividend Yield % Distribution in the Conglomerates Industry

For the Conglomerates industry and Industrials sector, 3M Co's Dividend Yield % distribution charts can be found below:

* The bar in red indicates where 3M Co's Dividend Yield % falls into.



3M Co Dividend Yield % Calculation

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 0.7000002024-05-232024-05-242024-06-12Cash DividendquarterlyUSD:USD 1.000000
USD 1.5100002024-02-152024-02-162024-03-12Cash DividendquarterlyUSD:USD 1.000000
USD 1.5000002023-11-162023-11-172023-12-12Cash DividendquarterlyUSD:USD 1.000000
USD 1.5000002023-08-182023-08-212023-09-12Cash 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 Trailing Annual Dividend Yield (%) for Today is calculated as

Trailing Annual Dividend Yield=Most Recent Full Year Dividend/Current Share Price
=5.21/102.72
=5.07 %

Current Share Price is $102.72.
3M Co's Dividends per Share for the trailing twelve months (TTM) ended in Today is $5.21.

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

Forward Annual Dividend Yield=Forward Full Year Dividend/Current Share Price
=2.8/102.72
=2.73 %

Current Share Price is $102.72.
3M Co's Dividends per Share for the forward twelve months is calculated as $0.7 * 4 = $2.8.

* 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  (NYSE:MMM) Dividend Yield % Explanation

Over the long term, the return from dividends has been a significant contributor to the total returns produced by equity securities. Studies by Elroy Dimson, Paul Marsh, and Mike Staunton of Princeton University (2002) found that a market-oriented portfolio, which included reinvested dividends, would have generated nearly 85 times the wealth generated by the same portfolio relying solely on capital gains.

Dividends may also qualify a lower tax rate for investors.

In dividends investing, Payout Ratio and Dividend Growth Rate are the two most important variables for consideration. A lower payout ratio may indicate that the company has more room to increase its dividends.

You can find the stocks that owned most by Gurus here. Or you can check out Warren Buffett's highest dividend stocks here.


3M Co Dividend Yield % Related Terms

Thank you for viewing the detailed overview of 3M Co's Dividend Yield % provided by GuruFocus.com. Please click on the following links to see related term pages.


3M Co (MMM) Business Description

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
Thomas W Sweet director ONE DELL WAY, ROUND ROCK TX 78682
Bryan C Hanson officer: Group Pres & CEO Health Care ZIMMER BIOMET HOLDINGS, 345 E. MAIN STREET, WARSAW IN 46580
Audrey Choi director 3M COMPANY, 3M CENTER, BUILDING 220-9E-02, ST. PAUL MN 55144-1000
Eric D. Hammes officer: VP, Corp Controller & CAO 3M COMPANY OFFICE OF GENERAL COUNSEL, 3M CENTER, ST. PAUL MN 55144-1000
Goralski Christian T Jr officer: Group President 3M COMPANY, 3M CENTER, BUILDING 220-9E-02, ST. PAUL MN 55144-1000
Pedro Pizarro director 2244 WALNUT GROVE AVENUE, ROSEMEAD CA 91770
Anne H Chow director 2200 WEST PARKWAY BLVD., SALT LAKE CITY UT 84119
Kevin H Rhodes officer: EVP & Chief Legal Officer 3M COMPANY, 3M CENTER, BLDG 220-09-E-02, ST. PAUL MN 55144-1000
Chavez Rodriguez Beatriz Karina officer: Senior Vice President 3M COMPANY, 3M CENTER BLDG 220-09-E-02, ST. PAUL MN 55144-1000
John Patrick Banovetz officer: Sr Vice President 3M CENTER, MAPLEWOOD MN 55144
Zoe L Dickson officer: Executive Vice President 3M COMPANY, 3M CENTER, BLDG 220 09 E-02, ST. PAUL MN 55144-1000
Michael G. Vale officer: Executive Vice President 3M CENTER OFFICE OF GENERAL COUNSEL, ST PAUL MN 551441000
Theresa E Reinseth officer: Vice President/CAO 3M COMPANY OFFICE OF GENERAL COUNSEL, 3M CENTER, ST PAUL MN 55144-1000
Mojdeh Poul officer: Executive Vice President 3M COMPANY OFFICE OF GENERAL COUNSEL, 3M CENTER, ST PAUL MN 55144-1000
Michael F Roman officer: Senior Vice President 3M COMPANY OFFICE OF GENERAL COUNSEL, 3M CENTER, ST. PAUL MN 55144-1000

3M Co (MMM) Headlines

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