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

3M Company (NYSE:MMM) announced a quarterly dividend on Tuesday, May 12th. Stockholders of record on Friday, May 22nd will be given a dividend of 0.78 per share by the conglomerate on Friday, June 12th. This represents a c) dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date is Friday, May 22nd.

3M has decreased its dividend by an average of 0.1%per year over the last three years and has raised its dividend annually for the last 1 consecutive years. 3M has a payout ratio of 37.3% meaning its dividend is sufficiently covered by earnings. Research analysts expect 3M to earn $9.35 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 33.4%.

3M Trading Up 3.2%

NYSE:MMM traded up $4.55 during mid-day trading on Wednesday, reaching $147.76. 3,221,465 shares of the company’s stock traded hands, compared to its average volume of 3,990,237. 3M has a 12-month low of $139.34 and a 12-month high of $177.41. The firm has a market capitalization of $77.07 billion, a price-to-earnings ratio of 28.47, a PEG ratio of 2.07 and a beta of 1.03. The company has a debt-to-equity ratio of 3.29, a current ratio of 1.59 and a quick ratio of 1.19. The company has a 50 day moving average price of $148.24 and a 200-day moving average price of $159.36.

3M (NYSE:MMM) last announced its quarterly earnings results on Tuesday, April 21st. The conglomerate reported $2.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.98 by $0.16. 3M had a return on equity of 104.75% and a net margin of 11.14%.The company had revenue of $6 billion for the quarter, compared to the consensus estimate of $6.04 billion. During the same quarter in the previous year, the business earned $1.88 EPS. 3M’s revenue was up 1.3% compared to the same quarter last year. 3M has set its FY 2026 guidance at 8.500-8.700 EPS. On average, sell-side analysts predict that 3M will post 8.7 earnings per share for the current year.

About 3M

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).