ST. PAUL, Minn., May 14, 2024 /PRNewswire/ -- The 3M Board of Directors (NYSE:MMM) today declared a dividend on the company's common stock of $0.70 per share for the second quarter of 2024. The dividend is payable June 12, 2024, to shareholders of record at the close of business on May 24, 2024. 3M has paid dividends to its shareholders without interruption for more than 100 years. As of March 31, 2024, 3M had 553,361,257 common shares outstanding and 59,380 shareholders of record. About 3M 3M (NYSE: MMM) b ...

ST. PAUL, Minn., May 14, 2024 /PRNewswire/ -- At today's Annual Meeting of Shareholders, 3M (NYSE:MMM) highlighted its strong portfolio of leading businesses, leading innovation in material science, and progress in executing the company's strategic priorities. "In 2023, we took significant action to improve our performance across our businesses and our operational execution. Our results demonstrate the positive impact of the changes we have made over the last several years, " said 3M executive chairman Mike ...

3M is finding favor with Wall Street following its recent earnings report, spinoff, and managerial changes.An HSBC analyst recently raised the investment firm's price target on 3M (MMM 0.56%) stock to $115 from $91 and upgraded its rating to buy from hold. The upgrade implies a nearly 15% upside for the stock over the next 12 months. It's the latest upgrade for the stock as Wall Street warms to the company after its recent earnings report, implied dividend cut, and spinoff of healthcare business Solventum.T ...

Dividend Aristocrats are a unique class of dividend stocks. They are companies that are members of the S&P 500 and have increased their payouts to shareholders for at least 25 years. That’s no small feat. Out of the thousands of publicly traded stocks on the market, only 68 stocks made the cut this year. This elite group of royals are important because dividend growth stocks tend to outperform all other stocks over time. Looking back to 1930, Ned Davis Research found companies that initiated a dividend and ...

Key PointsThree stocks have fallen into double-digit discounts to their peers and still generate above-average returns on capital.Because of this, investors could gain an edge over stagflation this year and come out winning with attractive dividend income. These products are part of the conglomerates, staples, and real estate sector and aren't likely to lose favor.5 stocks we like better than Owens CorningThe way the market has been behaving lately—well, saying it is a minefield would be an understatement. ...

3M has completed the spinoff of its healthcare division. Is now the time to step into the stock?There has been a massive overhang on 3M (MMM 1.64%) for several years from legal, regulatory, and corporate issues. Those are slowly being worked through, which is good news.However, investors have to decide whether 3M today is the same as what 3M used to be. The answer is likely to be no; it isn't.Sell 3MThere has been a series of problems facing 3M, and they all seemed to hit at one time. First, there were lega ...

The bandage has been ripped off, and we have a new CEO.In this video, Motley Fool contributors Jason Hall and Tyler Crowe discuss the changes happening at 3M (MMM 1.64%) and whether it's time to buy the beaten-down industrial giant.*Stock prices used were from the afternoon of May 7, 2024. The video was published on May 10, 2024. ...

Blue-chip consumer goods conglomerate 3M Co (NYSE:MMM) is 1.4% higher this morning to trade at $98.69, after HSBC upgraded the stock to "buy" and raised its price target to $115. In the bull note, the analyst pointed towards an improving macroeconomic backdrop that could help 3M see more growth. 3M stock is now within a chip-shot of its May 1, 16-month high of $99.70. The shares' 30-day moving average caught a mid-April pullback, a trendline that's alternated between support and resistance during MMM's zig ...

3M (MMM) is one of the stocks most watched by Zacks.com visitors lately. So, it might be a good idea to review some of the factors that might affect the near-term performance of the stock.Over the past month, shares of this maker of Post-it notes, industrial coatings and ceramics have returned +3.2%, compared to the Zacks S&P 500 composite's -0.2% change. During this period, the Zacks Diversified Operations industry, which 3M falls in, has gained 1.6%. The key question now is: What could be the stock's futu ...

May has historically been a month of market uncertainty on Wall Street, often characterized by the adage “Sell in May and go away.” While this strategy might not always hold true, it highlights the potential for increased volatility. The prospect of a market correction can be daunting as investors grapple with ongoing geopolitical tensions, sticky inflation levels and interest rate uncertainties. However, periods of heightened choppiness can present valuable opportunities to patient investors with stocks to ...