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DewDiligence

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DewDiligence

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Re: DewDiligence post# 568

Saturday, 02/17/2024 1:23:13 PM

Saturday, February 17, 2024 1:23:13 PM

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3M increases dividend for 66th consecutive year:

https://investors.3m.com/news-events/press-releases/detail/1823/3m-board-declares-quarterly-dividend

The quarterly change was only a penny—from $1.50 to $1.51—so it’s clear that the increase is mainly to keep the streak alive.

At the current share price ($91.25), the new annualized payout of $6.04 equates to a dividend yield of 6.6%.

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

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Volume:
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  • 1M
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