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DewDiligence

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DewDiligence

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Re: bar1080 post# 513

Tuesday, 02/07/2023 6:23:18 PM

Tuesday, February 07, 2023 6:23:18 PM

Post# of 661
3M increases dividend for 65th consecutive year:

https://finance.yahoo.com/news/3m-board-declares-quarterly-dividend-215700658.html

The quarterly increase was only a penny—from $1.49 to $1.50—so it’s pretty clear that the raise is mainly to keep the streak alive.

At the current share price ($116.90), the new annualized payout of $6.00 is a yield of 5.1%.

“The efficient-market hypothesis may be
the foremost piece of B.S. ever promulgated
in any area of human knowledge!”

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