3M Company (MMM)

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"3M... Split: Will 2017 Finally End the Split Drought?"

"Few stocks have as strong a reputation for innovation as 3M (NYSE:MMM). The Dow component has come up with many popular products over the course of its history, ranging from well-known consumer items like Post-It Notes to more specialist products with applications in areas from healthcare and manufacturing to energy. Yet despite a strong long-term record of good returns for investors, 3M hasn't split its stock since 2003, and many shareholders think that the company is long overdue for a stock split. With that in mind, let's look more closely at 3M to see whether 2017 might be the year that investors' wait will finally be over."

"One reason might simply be that industry practice governing stock splits has changed over the past decade. Many companies have allowed their share prices to climb not only well into the triple digits but also above $1,000 per share in some cases without doing a split. The emergence of discount brokers allowing odd-lot purchases of as little as a single share has made such decisions feasible, and some even see high share prices as a mark of success rather than a barrier to investor purchases"

"That said, the fact that 3M is a member of the Dow Jones Industrials could eventually spur a split in the future. 3M currently makes up about 6% of the Dow because of its price-weighted methodology, and that's almost double the weighting it would get in an equal-weighted index. Moreover, at just over $100 billion, 3M's market cap is far from being in the top two -- as its share price would suggest."

https://www.fool.com/investing/2017/01/04/3m-stock-split-will-2017-finally-end-the-split-dro.aspx