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3M Co (XSWX:MMM) 5-Year Yield-on-Cost %

: 6.79 (As of Today)
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3M Co's yield on cost for the quarter that ended in Dec. 2023 was 6.79.


The historical rank and industry rank for 3M Co's 5-Year Yield-on-Cost % or its related term are showing as below:

XSWX:MMM' s 5-Year Yield-on-Cost % Range Over the Past 10 Years
Min: 2.33   Med: 3.46   Max: 9.01
Current: 6.79


During the past 13 years, 3M Co's highest Yield on Cost was 9.01. The lowest was 2.33. And the median was 3.46.


XSWX:MMM's 5-Year Yield-on-Cost % is ranked better than
81.66% of 338 companies
in the Conglomerates industry
Industry Median: 3.33 vs XSWX:MMM: 6.79

Competitive Comparison

For the Conglomerates subindustry, 3M Co's 5-Year Yield-on-Cost %, along with its competitors' market caps and 5-Year Yield-on-Cost % 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 5-Year Yield-on-Cost % Distribution

For the Conglomerates industry and Industrials sector, 3M Co's 5-Year Yield-on-Cost % distribution charts can be found below:

* The bar in red indicates where 3M Co's 5-Year Yield-on-Cost % falls into.



3M Co 5-Year Yield-on-Cost % Calculation

Dividend Yield % and dividend growth of a stock is an important factor for income investors. But if company A raises its dividend constantly faster than company B, company A's future dividend yield might be much higher than Company B's even if their yields are the same now and their stock prices do not change.

Yield on Cost assumes that you buy and the stock today, and hold it for 5 years. If the company raises it dividends at the same rate as it did over the past 5 years, the dividends investors receive annually in 5 years relative to the stock price today.

Therefore, Yield-on-Cost of 3M Co is calculated as

Yield-on-Cost=Dividend Yield %*(1+Dividend Growth Rate)^5

3M Co  (XSWX:MMM) 5-Year Yield-on-Cost % Explanation

Of course the risk here is that the company may not raise its dividends as it did before. The key is to select the companies that can consistently raise its dividends. Usually companies with long history of raising dividends tend to do so.


3M Co 5-Year Yield-on-Cost % Related Terms

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3M Co (XSWX:MMM) Business Description

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.

3M Co (XSWX:MMM) Headlines

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