3M Company (MMM) To Go Ex-Dividend on August 24th

3M Company (NYSE:MMM) announced a quarterly dividend on Friday, August 14th. Investors 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) dividend on an annualized basis and a yield of 1.7%. The ex-dividend date of this dividend 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 annually for the last 1 consecutive years. 3M has a payout ratio of 37.3% indicating that its dividend is sufficiently covered by earnings. Research 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 quick ratio of 0.91, a current ratio of 1.24 and a debt-to-equity ratio of 3.63. The company has a market cap of $92.28 billion, a P/E ratio of 31.78, a P/E/G ratio of 2.16 and a beta of 1.01. 3M has a 52 week low of $139.34 and a 52 week high of $184.90. The business has a 50-day simple moving average of $169.27 and a two-hundred day simple moving average of $158.89.

3M (NYSE:MMM) last announced its quarterly earnings results on Tuesday, July 21st. The conglomerate reported $2.40 earnings per share 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 for the quarter, compared to analysts’ expectations of $6.40 billion. During the same period in the prior year, the business posted $2.16 earnings per share. The company’s revenue was up 2.5% on a year-over-year basis. 3M has set its FY 2026 guidance at 8.800-8.950 EPS. Research analysts anticipate that 3M will post 8.95 earnings per share 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).