3M's last quarterly dividend was on May 18, 2023 (ex-date) with a distribution of $1.5 per share. At an annualized rate of $5.98 per share, the stock yields 6.34%.
MMM has a dividend yield of 6.34% which is higher than the Industrials sector, the industry and its peers average. If we compare it with the Industrials sector average of 1.55%, 3M's dividend yield is 309% higher. Historically MMM's dividend yield has averaged at 3.7% in the last 5 years, which is less than the current one.
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 36% from a year ago, the dividend yield has increased by 56%.
Ex-date | Payment date | Declared on | Amount | Type |
---|---|---|---|---|
May 18, 2023 | Jun 12, 2023 | May 9, 2023 | $1.5 | normal |
Feb 16, 2023 | Mar 12, 2023 | Feb 7, 2023 | $1.5 | normal |
Nov 17, 2022 | Dec 12, 2022 | Nov 8, 2022 | $1.49 | normal |
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 |
MMM has a payout ratio of 61.5% which is higher than the Industrials sector, the industry and its peers average. In comparison with the Industrials sector average of 27.9%, 3M's payout ratio is 120% higher.
Name | Dividend yield | DPS | Payout ratio |
---|---|---|---|
MMM 3M Co | 6.19% | $5.98 | 61.5% |
GLW Corning Inc | 3.51% | $1.1 | 100.9% |
HPQ Hp Inc | 3.4% | $1.03 | 38% |
JNJ Johnson & Johnson | 2.93% | $4.58 | 94.6% |
ITW Illinois Tool Works Inc | 2.27% | $5.15 | 51.4% |
XRAY DENTSPLY SIRONA Inc | 1.34% | $0.52 | N/A |
AAPL Apple Inc | 0.52% | $0.93 | 15.7% |
DHR Danaher Corp | 0.44% | $1.02 | 10.8% |
GE General Electric Co | 0.31% | $0.32 | 4.2% |
Yes, 3M has been paying dividends for the last 30 years.
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 August 2023.
3M's last regular dividend was on May 18, 2023 (ex-date) with the amount of $1.5 per share.
MMM has paid dividend of $5.98 per share in the last year.
3M's current dividend yield is 6.34%.
3M pays dividends quarterly.
3M's dividend payout ratio is 61.5%.
3M's dividend yield is more than the Industrials sector average.