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

Key Points

• 3M declared a quarterly dividend of $0.78 per share—a 6.8% increase from $0.73—with an annualized yield of about 1.9%; shareholders of record Feb. 13 will be paid on Mar. 12 (ex-dividend Feb. 13).
• The dividend appears well-covered: 3M's payout ratio is ~34.9%, and analysts/company guidance point to FY2026 EPS around $8.3–8.7, implying an expected payout ratio near 35%.
• Shares traded around $161.78 mid-day, with a market cap of about $85.94 billion and a P/E of roughly 26.98.

3M Company (NYSE:MMM - Get Free Report) declared a quarterly dividend on Tuesday, February 3rd. Shareholders of record on Friday, February 13th will be paid a dividend of 0.78 per share by the conglomerate on Thursday, March 12th. This represents a c) annualized dividend and a yield of 1.9%. The ex-dividend date of this dividend is Friday, February 13th. This is a 6.8% increase from 3M's previous quarterly dividend of $0.73.

3M has decreased its dividend payment by an average of 0.1%annually over the last three years and has raised its dividend annually for the last 1 consecutive years. 3M has a payout ratio of 34.9% indicating that its dividend is sufficiently covered by earnings. Analysts expect 3M to earn $8.33 per share next year, which means the company should continue to be able to cover its $2.92 annual dividend with an expected future payout ratio of 35.1%.

3M Stock Performance

Shares of MMM traded up $6.10 during mid-day trading on Wednesday, hitting $161.78. The stock had a trading volume of 1,262,716 shares, compared to its average volume of 4,209,650. The company has a debt-to-equity ratio of 2.30, a current ratio of 1.71 and a quick ratio of 1.33. The firm has a market cap of $85.94 billion, a P/E ratio of 26.98, a PEG ratio of 2.15 and a beta of 1.09. 3M has a 52 week low of $121.98 and a 52 week high of $174.69. The business has a fifty day moving average price of $163.69 and a 200-day moving average price of $159.73.

3M (NYSE:MMM - Get Free Report) last released its quarterly earnings data on Tuesday, January 20th. The conglomerate reported $1.83 earnings per share for the quarter, beating analysts' consensus estimates of $1.80 by $0.03. The business had revenue of $6 billion during the quarter, compared to analyst estimates of $6.03 billion. 3M had a net margin of 13.03% and a return on equity of 95.36%. 3M's revenue was up 1.5% compared to the same quarter last year. During the same period in the previous year, the business earned $1.68 EPS. 3M has set its FY 2026 guidance at 8.50-8.700 EPS. On average, equities research analysts expect that 3M will post 7.8 EPS for the current 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).

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