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3M (MMM) Dividend Yield, Date & History

3M logo
$129.28 +2.15 (+1.69%)
(As of 12/20/2024 05:31 PM ET)

3M Dividend Summary

Dividend Yield
2.17%
Annual Dividend
$2.80
Recent
Dividend Payment
Dec. 12
Annualized 3-Year
Dividend Growth
0.68%
Dividend Payout Ratio
35.35%

3M (MMM) pays an annual dividend of $2.80 per share, with a dividend yield of 2.17%. The next quarterly payment of $0.70 per share was paid on Thursday, December 12, to investors who owned the stock before the ex-dividend date of Friday, November 15. The company currently pays out 35.35% of its earnings and 21.83% of its cash flow as dividends.

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MMM Dividend Payments by Quarter

The chart below displays up to four years of 3M's dividend payment history by quarter. The blue bars represent historical dividend payments, while the gray bars indicate future payments.

MMM Dividend Yield Over Time

The chart below tracks 3M's dividend yield over the past four years. The line represents changes in yield by quarter, providing a clear view of trends over time.

3M vs. The Competition

Compare 3M's annual dividend, yield, and 3-year growth rate with averages for Multi-Sector and NYSE companies to evaluate its performance against the market.

Type3MMulti-Sector CompaniesNYSE Companies
Annual Dividend$2.80$0.01$1.39
Dividend Yield2.17%3.12%3.57%
Annualized 3-Year Dividend Growth0.68%8.76%15.78%

3M Dividend Payout Ratio

Dividend payout ratios express the dividend as a percentage of another metric, such as earnings or cash flow, and can be used to assess dividend sustainability.

TypePayout Ratio
Based on Trailing 12 Months of Earnings35.35%
Based on This Year's Estimate38.51%
Based on Next Year's Estimate35.71%
Based on Cashflow21.83%

3M Dividend History by Quarter

AnnouncedPeriodPaymentPayment ChangeYieldEx-Dividend DateRecord DatePayable Date
11/5/2024quarterly$0.70 - 2.21%11/15/202411/15/202412/12/2024
8/16/2024quarterly$0.70 - 2.2%8/26/20248/26/20249/12/2024
5/14/2024quarterly$0.70-$0.81
53.64%
2.8%5/23/20245/24/20246/12/2024
2/6/2024quarterly$1.51+$0.01
0.67%
6.44%2/15/20242/16/20243/12/2024
11/7/2023quarterly$1.50 - 6.44%11/16/202311/17/202312/12/2023
8/11/2023quarterly$1.50 - 5.74%8/18/20238/21/20239/12/2023
5/9/2023quarterly$1.50 - 5.95%5/18/20235/19/20236/12/2023
2/7/2023quarterly$1.50+$0.01
0.67%
5.13%2/16/20232/17/20233/12/2023

This table shows 3M's quarterlydividend history, including payout amounts, yield, dividend changes, and key dates. Use the date filter to explore data as far back as 2013 to analyze trends over time.

3M Dividend - Frequently Asked Questions

The current dividend yield for 3M is 2.17%. Learn more on MMM's dividend yield history.

The annual dividend for MMM shares is $2.80. Learn more on MMM's annual dividend history.

3M pays quarterly dividends to shareholders.

3M's most recent quarterly dividend payment of $0.70 per share was made to shareholders on Thursday, December 12, 2024.

3M's most recent ex-dividend date was Friday, November 15, 2024.

Over the past three years, the company's dividend has grown by an average of 0.68% per year.

The most recent change in the company's dividend was a decrease of $0.81 on Tuesday, May 14, 2024.

The dividend payout ratio for MMM is:
  • 35.35% based on the trailing year of earnings
  • 38.51% based on this year's estimates
  • 35.71% based on next year's estimates
  • 21.83% based on cash flow

3M's dividend yield of 2.19% is lower than the average Multi-Sector Conglomerates company that issues a dividend. 3M's dividend payout ratio of 35.35% is at a healthy, sustainable level, below 75% of its earnings.

Looking at the stock as a whole, market analysts rate 3M stock as a Moderate Buy, forecasting growth opportunities and potential value appreciation.


This page (NYSE:MMM) was last updated on 12/21/2024 by MarketBeat.com Staff
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