Our Dividend Safety Score answers the question, “Is the current dividend payment safe?” We look at some of the most important financial factors such as current and historical EPS and FCF payout ratios, debt levels, free cash flow generation, industry cyclicality, ROIC trends, and more. Herman Miller (MLHR) suspended its dividend. Expedia Group (EXPE) suspended its dividend. Kingstone Companies (KINS) cut its dividend by 37%. SM Energy Company (SM) slashed its dividend by 80%. Tailored Brands (TLRD) suspended its dividend. Hallador Energy Company (HNRG) suspended its dividend. In fact, about 33% of 3M’s sales are from products launched in just the past five years. Next, the company’s impressively stable and growing EPS and FCF per share mean that management is able to steadily grow the payout while still maintaining modest and very safe payout ratios. A score of 50 is average, 75 or higher is excellent, and 25 or lower is weak. The company has five main business segments. Delta's Dividend Safety Score Downgraded to Borderline Safe as Virus Concerns Pressure Airlines March 10, 2020. This includes numerous small, bolt-on acquisitions, as opposed to large and often overpriced mergers that many of its rivals pursue. American Eagle Outfitters (AEO) suspended its dividend. Dividend-Paying Stocks in the S&P 1500 Index Click on a column name to sort. This is just one example of 3M’s rigorous data and statistics driven management culture. Consumer Products: post-it notes, tape, sponges, construction & home improvement products, indexing systems, and adhesives. Armanino Foods of Distinction (AMNF) cut its dividend by 36%. More importantly, 3M has a good track record of meeting or even exceeding its long-term growth goals, which bodes well for the future of its dividend growth. This is due to two major factors. MMM Dividend History & Description — 3M Co. 3M is a technology company. Going forward, management plans to grow the dividend in line with earnings and free cash flow. Fidus Investment Corporation (FDUS) reduced its dividend by 23%. Global Partners LP (GLP) reduced its dividend by 25%. 3M’s China business is its fastest-growing unit, with 23% sales growth in Q3 of 2017 and 10% to 15% projected revenue growth in 2018. PBF Logistics LP (PBFX) cut its dividend by 42%. After all, it’s a cyclical and highly capital intensive industry, with relatively low barriers to entry. This includes entering China in 1984, where 3M now has nine factories and six R&D centers (it has 60 R&D centers global R&D facilities in total). Despite paying uninterrupted dividends for more than 20 years and maintaining an earnings payout ratio below 60%, Plagued by weak growth, declining profitability, and too much debt, mall-based retailer. First, despite the negative effects of the oil crash in the last two years, 3M’s dividend remains very well covered by both earnings and free cash flow, as seen by its low payout ratios. Orange S.A. (ORAN) reduced its dividend by 29%. Ternium S.A. (TX) suspended its dividend. New Mountain Finance Corporation (NMFC) reduced its dividend by 12%. Coca-Cola European Partners plc (CCEP) suspended its dividend. Electronics & Energy: insulation, splicing and interconnection devices, touch screens, renewable energy components, infrastructure protection equipment. To determine the safety of the dividend different types of a Dividend Safety Score exist. This shows that 3M is dedicated to growing organically, rather than risking overpaying for big splashy deals to increase the top line at the risk of lowering overall profitability. 3M’s impressive organic growth is courtesy of two things. BSD and Quadrix scores are percentile rankings, with 100 the highest score. We ran the stock through Simply Safe Dividends, and as we go to press, its Dividend Safety Score is 75. Dividend Safety Scores range from 0 to 100. Braemar Hotels & Resorts (BHR) suspended its dividend. In addition, most industrial products are highly commoditized, meaning that it’s hard to maintain strong pricing power and good margins over time. Urstadt Biddle Properties (UBP) slashed its dividend by 75%. However, there are two other potential risks to watch for. Columbia Sportswear Company (COLM) suspended its dividend. Solar Senior Capital Ltd. (SUNS) reduced its dividend by 17%. Barclays PLC (BCS) suspended its dividend. Despite Rollins' pest control business being deemed essential during the coronavirus shutdown, management acted out of an abundance of caution, making this cut fairly discretionary and tough to get ahead of. Finally, 3M has a very strong balance sheet, meaning modest amounts of very manageable debt. Annaly Capital Management (NLY) reduced its dividend by 12%. Healthcare: Infection preventions supplies, drug delivery systems, food safety products, hea… Banco Latinoamericano de Comercio Exterior (BLX) cut its dividend by 35%. There are three keys to 3M’s amazing dividend growth record and high safety. Over the past 115 years, 3M has obtained over 100,000 patents thanks to one of the industry’s highest R&D budgets (as a percentage of revenue). OFS Capital Corporation (OFS) cut its dividend by 50%. Just Energy Group (JE) suspended its dividend. Medley Capital Corporation (MCC) suspended its dividend. Ralph Lauren Corporation (RL) suspended its dividend. CEO Inge Thulin has been with the company for 38 years and understands that the key to 3M’s growth lies in its continued dedication to strong R&D and new product development. General Motors Company (GM) suspended its dividend. Payout ratio calculation and chart. Marcus Corporation (MCS) suspended its dividend. After nearly tripling its quarterly distribution in July 2018, just three months later, The financially distressed shopping center REIT. This is due to two major factors. Molson Coors Beverage Company (TAP) suspended its dividend. Historically low-interest rates have made it hard for income-oriented investors to find yield in the last decade, but these ten dividend stocks have bucked the trend and proven that you can still get yield in 2018 and beyond. Last updated on 12/31/2020. Kohl's Corporation (KSS) suspended its dividend. This means that profitability is very important for a dividend growth stock. But do so in a highly disciplined, increasingly profitable, and very shareholder -friendly way. Independence Realty Trust (IRT) cut its dividend by 33%. As a result. Harvest Capital Credit Corporation (HCAP) suspended its dividend. Orchid Island Capital (ORC) cut its dividend by 31%. Lloyds Banking Group plc (LYG) suspended its dividend. Scores range from 0 to 100. The bottom line is that 3M’s relatively stable earnings and cash flow, low payout ratios, and industry-leading balance sheet allow the company to continue investing in disciplined growth while still providing one of Wall Street’s safest and steadiest growing dividends. learn more about how Dividend Safety Scores are calculated here. A score of 50 is average, 75 or higher is excellent, and 25 or lower is weak. 3M has also proven its ability to successfully enter and win market share in emerging economies, which are growing at double the rate of mature, developed markets. This means that this dividend king is likely to continue rewarding its long-term shareholders with a dividend increase into the future. Orion Engineered Carbons S.A. (OEC) suspended its dividend. Cantel Medical Corp. (CMD) suspended its dividend. Apollo Commercial Real Estate Finance (ARI) reduced its dividend by 13%. As a result, 3M’s dividend is very well covered, providing a safety buffer for those rare times when earnings and free cash flow do fall. The company has grown its dividend for the last 26 consecutive years and is increasing its dividend by an average of 4.18% each year. Going forward, 3M believes that its excellent mix of fast-growing industries, emerging markets, and higher margins should allow it to grow its EPS and free cash flow per share at 8% to 11%, an impressive and industry-leading pace. Since tracking the data, companies cutting their dividends had an average Dividend Safety Score below 20 at the time of their dividend reduction announcements. Cato Corporation (CATO) suspended its dividend. However, 3M’s efficient low cost supply chain and operational leverage mean that its overall earnings and cash flow are far more stable than the typical industrial firm. America First Multifamily Investors (ATAX) slashed its dividend by 77%. Alliance Resource Partners (ARLP) suspended its dividend. Sales growth is great, but at the end of the day, dividends are paid out of cash flow. Halliburton Company (HAL) slashed its dividend by 75%. This isn’t surprising given that 3M has paid an uninterrupted dividend for over 100 years and will soon raise its payout for the 60th consecutive year. With this in mind, MMM’s dividend appears Safe with a … Exclusive to Simply Safe Dividends, Dividend Safety Scores were created by our founder, Brian Bollinger, who is a CPA and former partner at a multi-billion dollar investment firm. Investors who stuck with companies that scored above 60 (our Safe and Very Safe categories) would have avoided 98% (694 of 706) of the cuts, including Kinder Morgan, ConocoPhillips, National Oilwell Varco, and General Electric. de C.V. (PAC) suspended its dividend. Terex Corporation (TEX) suspended its dividend. A grade indicates an extremely low probability of a dividend cut. Western Midstream Partners (WES) cut its dividend by 50%. 3M excels here as well, with industry-leading margins and returns on capital. Diversified Royalty Corp. (BEVFF) reduced its dividend by 15%. Plains GP Holdings (PAGP) cut its dividend by 50%. Grupo Aeroportuario del Centro Norte, S.A.B. Noble Energy (NBL) slashed its dividend by 83%. It’s also much higher than the stock’s historical median of 16.7. FS KKR Capital Corp. (FSK) reduced its dividend by 21%. Salem Media Group (SALM) suspended its dividend. Abercrombie & Fitch Co. (ANF) suspended its dividend. Wendy's Company (WEN) cut its dividend by 50%. PacWest Bancorp (PACW) cut its dividend by 58%. Redwood Trust (RWT) cut its dividend by 61%. Healthcare: Infection preventions supplies, drug delivery systems, food safety products, healthcare data systems, dental and orthotic products. About Us |
Even more impressive than 3M’s six-decade streak of annual dividend increases is the company’s fast pace of payout growth. Teekay Corporation (TK) suspended its dividend. Anworth Mortgage Asset Corporation (ANH) cut its dividend by 44%. Investcorp Credit Management BDC (ICMB) reduced its dividend by 28%. 3M has a Dividend Safety Score of 94, meaning its dividend is extremely safe and dependable. Date Weingarten Realty Investors (WRI) cut its dividend by 55%. Grupo Televisa, S.A.B. That being said, even shares bought at today’s rich valuation could be capable of generating long-term total returns close to 10% if everything goes well (2% dividend yield + 8% to 11% annual earnings growth). Melco Resorts & Entertainment Limited (MLCO) suspended its dividend. Our scoring system analyzes a company's most important financial metrics (payout ratios, debt levels, recession performance, and much more) to determine the likelihood of a dividend cut. New Senior Investment Group (SNR) cut its dividend by 50%. Dividend Safety Scores cut through the noise to assess how likely a company is to put its dividend on the chopping block. Finally, 3M has been among the most adaptable industrial companies in the world, with a great track record of investing in a disciplined manner into the industries and markets that offer the best growth potential. Deutsche Bank Aktiengesellschaft (DB) suspended its dividend. MMM's dividend yield, history, payout ratio, proprietary DARS™ rating & much more! Ready Capital Corporation (RC) cut its dividend by 37.5%. The company has five main business segments. Contact Us, COPYRIGHT © 2017 Simply Safe Dividends LLC, 3M (MMM): A Dividend King With a Wide Moat, Pfizer’s COVID-19 Vaccine Shows Promise; Spin-off to Execute November 13 With Dividend Adjustment Next Quarter, Dominion’s Lower Dividend and New Business Mix Improve Safety Profile; We Plan to Hold Our Shares, AltaGas’s Falling Leverage Supports Dividend But Firm Will Evaluate Splitting Off Midstream Business, Altria’s Tobacco Business Remains Resilient But Longer-term Growth Uncertainties Linger, some of the most important financial factors, Johnson & Johnson (JNJ): A Dividend King That’s Built to Last. Dividend Safety Scores range from 0 to 100. Jones Lang LaSalle Incorporated (JLL) suspended its dividend. A score of 50 is average, 75 or higher is excellent, and 25 or lower is weak. Now the good news is that 3M’s debt levels are far from dangerous (more on this in a moment). Exantas Capital Corp. (XAN) suspended its dividend. Find the latest dividend history for 3M Company Common Stock (MMM) at Nasdaq.com. This industrial powerhouse has made countless investors amazingly wealthy over the years (12.9% total returns vs 9.1% for the S&P 500 over the last 22 years) thanks to its disciplined and steady growth strategy, which includes 59 straight years of dividend increases at a double-digit annualized rate. Meanwhile, 3M’s dividend yield of 2.0% is below its five-year average yield of 2.5%. Date Amount Type Yield Change Decl. To help with that effort, we created a Dividend Safety Score system, which analyzes a blend of the most important financial ratios to rate the safety of a company’s dividend. With this in mind, MMM’s dividend appears Safe … Kite Realty Group Trust (KRG) slashed its dividend by 84%. You can learn more about how Dividend Safety Scores are calculated here. The company is constantly improving its existing product range and introducing new ones. Harley-Davidson (HOG) slashed its dividend by 95%. Unfortunately, 3M’s superior business quality and strong growth prospects appear to be priced in and then some. Tenaris S.A. (TS) suspended its dividend. First, as explained, the company’s revenues are less volatile than most industrial rivals due to its high proportion of consumable products, which create large amounts of recurring revenue. After paying uninterrupted distributions for more than 30 consecutive years. That creates the risk that 3M may end up overpaying for new acquisitions in the future. Inter Parfums (IPAR) suspended its dividend. The Altman Z Score Formula in short: Altman Z score of greater than 2.99 means that the entity being measured is safe from bankruptcy (“Safe-Zone”). Diebold Nixdorf, Incorporated (DBD) suspended its dividend. Retail Opportunity Investments Corp. (ROIC) suspended its dividend. Flexsteel Industries (FLXS) slashed its dividend by 77%. Strattec Security Corporation (STRT) suspended its dividend. Marathon Oil Corporation (MRO) suspended its dividend. Manning & Napier (MN) suspended its dividend. International Game Technology PLC (IGT) suspended its dividend. economic conditions. 3M is a highly diversified company with industrial products representing its largest business unit, while healthcare is its most profitable segment by far. It's honestly hard to say, I'd say your end goal just short of a million in safe dividend companies, MMM, KO, DIS, MSFT, etc. Daktronics (DAKT) suspended its dividend. Ruth's Hospitality Group (RUTH) suspended its dividend. The track record of 3M’s long-term focused and disciplined management team is unmatched, making the company a fundamentally lower risk dividend growth stock and a great choice for many dividend portfolios at the right price. This rating is reserved for companies with strong balance sheets and/or excellent dividend histories. Despite sporting a payout ratio below 30% and growing its quarterly revenue. Management also set a goal to improve the company’s economies of scale, via its global supply chain, to minimize its costs of raw materials. Suncor Energy (SU) cut its dividend by 55%. PBF Energy Inc (PBF) suspended its dividend. Medley Management (MDLY) suspended its dividend. 3M Company (MMM) Dividend summary: yield, payout, growth, announce date, ex-dividend date, payout date. We analyze 25+ years of dividend data and 10+ years of fundamental data to understand the safety and growth prospects of a dividend. 2. Citi Trends (CTRN) suspended its dividend. MTS Systems Corporation (MTSC) suspended its dividend. This has led to a steady decline in costs of goods sold and rising operating margins and returns on invested capital. For example, not only does 3M’s high R&D spending help the company maintain an edge in product quality and premium pricing power, but the firm’s surprisingly low capital spending (4.5% to 5% of revenue historically) is put to work with laser-like focus. Veolia Environnement S.A. (VEOEY) cut its dividend by 46%. de C.V. (OMAB) suspended its dividend. Brinker International (EAT) suspended its dividend. A score of 50 is average, 75 or higher is excellent, and 25 or lower is weak. Yet, if you buy a stock you own more than “a dividend paying machine”. O's next monthly dividend payment will be made to shareholders of record on Friday, January 15. AGNC Investment Corp. (AGNC) reduced its dividend by 25%. Extended Stay America (STAY) slashed its dividend by 96%. But if you want risk you can definitely go for less grand total and other companies giving higher pay outs, T, F, IRM, WPG, LOAN, etc but these companies really are no going to guarantee by the time you make a passive living that they are worth the same amount. Equinor ASA (EQNR) cut its dividend by 67%. Golar LNG Limited (GLNG) suspended its dividend. First, despite the negative effects of the oil crash in the last two years, 3M’s dividend remains very well covered by both earnings and free cash flow, as seen by its low payout ratios . In addition, 3M is rapidly gaining market share in data center cooling systems, which is an industry that is expected to grow strongly for decades. However, we might now be in the later stages of the economic expansion which means that industrial company valuations are rising to rather frothy levels. This will further extend 3M's streak of 59 consecutive annual dividend increases. Cherry Hill Mortgage Investment Corporation (CHMI) cut its dividend by 33%. Interpreting Dividend Safety Scores. Finally, 3M benefits from selling many specialized, mission critical, but still relatively low cost products to industrial customers. Wynn Resorts (WYNN) suspended its dividend. Korea Electric Power Corporation (KEP) suspended its dividend. Dividend Safety Scores range from 0 to 100. With this in mind, MMM’s dividend appears Safe … Elbit Systems Ltd. (ESLT) reduced its dividend by 20%. BlackRock Capital Investment Corporation (BKCC) reduced its dividend by 29%. This too could increase demand for dollars and thus create a reversal of the positive currency trend we saw in 2017. EnLink Midstream (ENLC) cut its dividend by 50%. Investcorp Credit Management BDC (ICMB) cut its dividend by 40%. High dividend payments are great, and rising dividend payments are better, but dividend cuts are the worst.. Not only are your dividend payments reduced, but also stock values fall well ahead of the dividend cut, and often fall even further immediately following the announcement. Host Hotels & Resorts (HST) suspended its dividend. You own part of a company, thus both profiting and suffering from any success and failure of the company by either capital gains or losses and dividend increases or cuts. Maiden Holdings, Ltd. (MHLD) suspended its dividend. Here's what we wrote about Shell's dividend in a March 11 note: Methanex Corporation (MEOH) slashed its dividend by 90%. Outfront Media (OUT) suspended its dividend. A year after reducing its dividend by 19% to conserve cash. A stock’s Dividend Safety Score represents its safety rank relative to all of the other dividend-paying stocks in the market. Click here for a printer-friendly version of this chart. Elmira Savings Bank (ESBK) cut its dividend by 35%. For example, by 2020 analysts expect that fully 50% of sales will come from emerging markets such as China. Summit Midstream Partners (SMLP) suspended its dividend. Grupo Aeroportuario del PacÃÂfico, S.A.B. High returns on capital are a good proxy for long-term management’s capital allocation skills, and as you can see, 3M’s figures are much higher than the industry’s average. Walt Disney Company (DIS) suspended its dividend. A score of 50 is average, 75 or higher is excellent, and 25 or lower is weak. Southwest Airlines Co. (LUV) suspended its dividend. Company doesn't go BK. In other words, 3M appears to be overvalued relative to its historical norms. Saratoga Investment Corp. (SAR) suspended its dividend. In fact, the compamny has retrained 77,000 employees and completed 110,000 efficiency improvement programs since 2001, resulting in $17 billion in cost savings. For example, European and Japanese investors might continue aggressively buying US Treasury bonds because the yield is much higher than what they can get at home where bond investors still face negative inflation adjusted interest rates. Minnesota Mining and Manufacturing, or 3M, was founded in 1902 in St. Paul, Minnesota. Six Flags Entertainment Corporation (SIX) suspended its dividend. Vermilion Energy (VET) suspended its dividend. Estée Lauder (EL) suspended its dividend. The result has been a tripling of quality control testing speed, while achieving an 80% decrease in product defects. Regardless, our scoring system now handles smaller companies more conservatively, reflecting their generally more concentrated business activities and more dynamic capital allocation policies. Ensco Rowan (ESV) suspended its dividend. Obviously investors in 3M need to keep in mind that all industrial stocks will experience cyclical sales growth or declines over time. Let’s take a look at what has made this venerable dividend king one of the best choices for almost any long-term income growth portfolio and if 3M’s valuation looks attractive today. We aim to set the bar for transparency in this industry. The goal was to streamline the company’s businesses and organization to maximize efficiency and cut costs wherever possible. GasLog Partners LP (GLOP) slashed its dividend by 77%. The key to 3M’s success is largely thanks to its conservative management and disciplined long-term focus. THL Credit (TCRD) cut its dividend by 52%. ArcelorMittal (MT) suspended its dividend. SFL Corporation Ltd. (SFL) reduced its dividend by 29%. Plains All American Pipeline (PAA) cut its dividend by 50%. Quality Score: Dividend Safety Score: Investment Grade: Today's 5Yr RAER: MMM: 12 (Ultra SWAN) 5 (very safe) A+: 6.21%: Goal: Scores: Scale: Interpretation: Valuation: 4: Good Buy Norbord (OSB) slashed its dividend by 75%. This is courtesy of its very low leverage ratio (Debt/EBITDA), very high current ratio (short-term assets/short-term liabilities), and sky-high interest coverage ratio. USD Partners LP (USDP) cut its dividend by 70%. Dividend aristocrats and dividend kings often make excellent long-term income growth investments. Ross Stores (ROST) suspended its dividend. Black Stone Minerals (BSM) slashed its dividend by 73%. 3M is currently in the late stages of a corporate restructuring it undertook in 2015 during the last industry recession. (TV) suspended its dividend. We expect dividend growth to BG Staffing (BGSF) slashed its dividend by 83%. ARMOUR Residential REIT (ARR) slashed its dividend by 82%. Notice: JavaScript is required for this content. Target (TGT): Can This Dividend King Thrive in the Age of Amazon. 3M has a Dividend Safety Score of 94, meaning its dividend is extremely safe and dependable. When it comes to industrial dividend kings, there are few better run and wider moat names than 3M. GasLog Ltd. (GLOG) cut its dividend by 67%. The company raised its dividend 2% for the 3/12/2020 payment. Penske Automotive Group (PAG) suspended its dividend. Cal-Maine Foods (CALM) suspended its dividend. This creates a far more stable cash flow stream for the company. Exclusive to Simply Safe Dividends, Dividend Safety Scores were created by our founder, Brian Bollinger, who is a CPA and former partner at a multi-billion dollar investment firm. CONSOL Coal Resources LP (CCR) suspended its dividend. However, there are exceptions to the 60% payout ratio rule. Source: Morningstar, FastGraphs, CSImarketing. Schlumberger Limited (SLB) slashed its dividend by 75%. Disclaimer |
Dividend History for 3M Co. (MMM) Ticker | Expand Research on MMM. There are three key factors to good capital allocation. DICK'S Sporting Goods (DKS) suspended its dividend. Ethan Allen Interiors (ETH) suspended its dividend. As seen below, MMM has maintained EPS and FCF payout ratios between 30-40% over the past decade, suggesting there is plenty of cushion to continue paying and growing the dividend, even in the event of an unexpected decline in the business. The good news is that in recent quarters management has begun to gradually deleverage the balance sheet, which is a wise move at this stage of the economic/interest rate cycle. Quad/Graphics (QUAD) suspended its dividend. Source: Morningstar, Gurufocus, CSImarketing. Our scoring system analyzes a company's most important financial metrics (payout ratios, debt levels, recession performance, and much more) to determine the likelihood of a dividend cut. Those margins should benefit from ongoing cost savings plans, including a $500 million to $700 million reduction in annual expenses between 2016 and 2020. Our Dividend Safety Scores look at many of these factors to help investors locate the safest blue-chip dividends on Wall Street and avoid dividend cuts. ... MMM and TJX. Following the onset of the coronavirus pandemic, the Indian government mandated that banks could not pay out any dividends in order to preserve capital. Leverage ( i.e, it ’ s dividend Safety metrics, tape, sponges construction. Company has greatly increased its dividend, history, payout ratio below 30 % and its... ( ARR ) slashed its dividend by 95 % ratio is a 54... For the 3/12/2020 payment jones Lang LaSalle Incorporated ( DBD ) suspended its dividend 3M excels here as,... By 66 % little risk to the 60 % payout ratio is highly. ( SMLP ) suspended its dividend by 15 % be priced in and then some of that... 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