3M Company (NYSE:MMM) Announces Quarterly Dividend of $0.78

3M Company (NYSE:MMM) declared a quarterly dividend on Friday, August 14th. Shareholders of record on Monday, August 24th will be paid a dividend of 0.78 per share by the conglomerate on Friday, September 11th. This represents a c) annualized dividend and a yield of 1.7%. The ex-dividend date is Monday, August 24th.

3M has decreased its dividend by an average of 0.1%annually over the last three years and has increased its dividend every year for the last 1 years. 3M has a dividend payout ratio of 37.3% meaning its dividend is sufficiently covered by earnings. Analysts expect 3M to earn $9.75 per share next year, which means the company should continue to be able to cover its $3.12 annual dividend with an expected future payout ratio of 32.0%.

3M Stock Up 0.5%

Shares of NYSE:MMM opened at $178.93 on Friday. The company has a debt-to-equity ratio of 3.63, a quick ratio of 0.91 and a current ratio of 1.24. 3M has a 52-week low of $139.34 and a 52-week high of $184.90. The business’s 50 day simple moving average is $169.27 and its two-hundred day simple moving average is $158.89. The firm has a market cap of $92.28 billion, a P/E ratio of 31.78, a PEG ratio of 2.16 and a beta of 1.01.

3M (NYSE:MMM) last released its quarterly earnings data on Tuesday, July 21st. The conglomerate reported $2.40 EPS for the quarter, beating the consensus estimate of $2.25 by $0.15. 3M had a return on equity of 115.87% and a net margin of 11.90%.The firm had revenue of $6.50 billion during the quarter, compared to the consensus estimate of $6.40 billion. During the same quarter in the previous year, the company posted $2.16 earnings per share. The company’s quarterly revenue was up 2.5% on a year-over-year basis. 3M has set its FY 2026 guidance at 8.800-8.950 EPS. As a group, research analysts forecast that 3M will post 8.95 EPS for the current fiscal year.

3M Company Profile

3M Company, originally founded in 1902 as the Minnesota Mining and Manufacturing Company, is a diversified global technology and manufacturing firm headquartered in St. Paul, Minnesota. Over its history the company has expanded from mineral mining into a broad portfolio of industrial, safety, healthcare and consumer products, building a reputation for applied science and product innovation across many end markets.

3M’s businesses span a wide range of product categories including adhesives and tapes, abrasives, filtration and separation technologies, personal protective equipment such as respirators, medical and dental products, industrial and automotive solutions, and a suite of consumer brands (for example, well-known office and home products).