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MMM 3M dividend history, payout ratio & dates

3M's last quarterly dividend was on Aug 19, 2022 (ex-date) with a distribution of $1.49 per share. At an annualized rate of $5.95 per share, the stock yields 5.3%.

Key dates

  • MMM last dividend date: Aug 19, 2022
  • MMM next dividend date: Not announced
MMM dividend stats
DPS
$5.95
Dividend yield
5.3%
Payout ratio
82.5%
vs. Industrials sector
Dividend yield
1.69%
Payout ratio
28.8%

Dividend yield

What is 3M current dividend yield

MMM has a dividend yield of 5.3% which is higher than the Industrials sector, the industry and its peers average. If we compare it with the Industrials sector average of 1.69%, 3M's dividend yield is 214% higher. Historically MMM's dividend yield has averaged at 3.2% in the last 5 years, which is less than the current one.

Dividend history

What is MMM dividend payout history and dates

3M has been paying dividends since 1993. MMM has distributed four quarterly dividends in the past year. The annualized dividend per share has increased by 0.7% for the last twelve months. And with the stock price down by 38% from a year ago, the dividend yield has increased by 62%.

Recent dividends

Ex-date Payment date Declared on Amount Type
Aug 19, 2022 Sep 12, 2022 Aug 12, 2022 $1.49 normal
May 19, 2022 Jun 12, 2022 May 10, 2022 $1.49 normal
Feb 17, 2022 Mar 12, 2022 Feb 8, 2022 $1.49 normal
Nov 18, 2021 Dec 12, 2021 Nov 9, 2021 $1.48 normal
Aug 20, 2021 Sep 12, 2021 Aug 13, 2021 $1.48 normal
May 20, 2021 Jun 12, 2021 May 11, 2021 $1.48 normal
Feb 11, 2021 Mar 12, 2021 Feb 2, 2021 $1.48 normal
Nov 19, 2020 Dec 12, 2020 Nov 10, 2020 $1.47 normal
Aug 21, 2020 Sep 12, 2020 Aug 13, 2020 $1.47 normal
May 21, 2020 Jun 12, 2020 May 12, 2020 $1.47 normal
Feb 13, 2020 Mar 12, 2020 Feb 4, 2020 $1.47 normal
Nov 21, 2019 Dec 12, 2019 Nov 12, 2019 $1.44 normal
Aug 15, 2019 Sep 12, 2019 Aug 6, 2019 $1.44 normal
May 23, 2019 Jun 12, 2019 May 14, 2019 $1.44 normal
Feb 14, 2019 Mar 12, 2019 Feb 5, 2019 $1.44 normal
Nov 21, 2018 Dec 12, 2018 Nov 13, 2018 $1.36 normal
Aug 23, 2018 Sep 12, 2018 Aug 14, 2018 $1.36 normal
May 17, 2018 Jun 12, 2018 May 8, 2018 $1.36 normal
Feb 15, 2018 Mar 12, 2018 Jan 25, 2018 $1.36 normal
Nov 22, 2017 Dec 12, 2017 Nov 14, 2017 $1.175 normal
Aug 23, 2017 Sep 12, 2017 Aug 15, 2017 $1.175 normal
May 17, 2017 Jun 12, 2017 May 9, 2017 $1.175 normal
Feb 15, 2017 Mar 12, 2017 Feb 7, 2017 $1.175 normal
Nov 16, 2016 Dec 12, 2016 Nov 8, 2016 $1.11 normal
Aug 17, 2016 Sep 12, 2016 Aug 9, 2016 $1.11 normal
May 18, 2016 Jun 12, 2016 May 10, 2016 $1.11 normal
Feb 10, 2016 Mar 12, 2016 Feb 2, 2016 $1.11 normal
Nov 18, 2015 Dec 12, 2015 Nov 10, 2015 $1.025 normal
Aug 19, 2015 Sep 12, 2015 Aug 10, 2015 $1.025 normal

3M dividend payout ratio

What is 3M dividend payout ratio compared to the sector

Payout ratio

MMM has a payout ratio of 82.5% which is higher than the Industrials sector, the industry and its peers average. In comparison with the Industrials sector average of 28.8%, 3M's payout ratio is 186% higher.

Total amount of dividends paid per financial year (from cash flow)

MMM dividend vs peer dividends

How does MMM dividend compare to its peers' dividends
Name Dividend yield DPS Payout ratio
MMM 3M Co 5.3% $5.95 82.5%
HPQ Hp Inc 3.99% $1 17.7%
GLW Corning Inc 3.54% $1.05 44.1%
ITW Illinois Tool Works Inc 2.7% $4.97 58.7%
JNJ Johnson & Johnson 2.66% $4.38 62.7%
XRAY DENTSPLY SIRONA Inc 1.66% $0.49 25.1%
AAPL Apple Inc 0.63% $0.9 14.8%
GE General Electric Co 0.51% $0.32 N/A
DHR Danaher Corp 0.37% $0.96 11.1%

Frequently asked questions

Does 3M pay a dividend?

Yes, 3M has been paying dividends for the last 29 years.

When is 3M's next dividend?

MMM hasn't announced its next dividend date yet, but if we take into consideration its recent dividend frequency, it is likely that its next dividend will be in November 2022.

When was MMM's last dividend?

3M's last regular dividend was on Aug 19, 2022 (ex-date) with the amount of $1.49 per share.

How much dividend does 3M pay (per share)?

MMM has paid dividend of $5.95 per share in the last year.

What is 3M's dividend yield?

3M's current dividend yield is 5.3%.

How often does 3M pay dividends?

3M pays dividends quarterly.

What is 3M's dividend payout ratio?

3M's dividend payout ratio is 82.5%.

Does 3M pay a good dividend?

3M's dividend yield is more than the Industrials sector average.