3M: A Boring Dividend Stock That Keeps on Growing
August 29, 2022
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3M($NYSE:MMM) Company is often considered a “boring dividend stock.” It is one of the 30 stocks in the Dow Jones Industrial Average, and one of the only stocks in the world that can claim 63 consecutive years of annual dividend growth. Many investors believe that 3M will continue to be a reliable and consistent performer in the stock market, despite any short-term fluctuations. 3M’s long-term stability is due in part to its diverse product portfolio. The company manufactures a wide range of products for a variety of industries, which means that it is not as susceptible to recessionary pressures as some other companies. 3M has also shown a commitment to shareholder value, with a history of consistent dividend growth. Given its strong track record, it is likely that 3M will continue to be a reliable and consistent performer in the stock market, regardless of any short-term fluctuations.
3M is a large, diversified company that manufactures a wide range of products, including adhesives, abrasives, laminates, passive fire protection, and personal protective equipment.
A company’s fundamentals reflect its long term potential. The below analysis on 3M is made simple by VI app. According to VI Star Chart 3M is strong in dividend, profitability, and weak in asset, growth. 3M is classified as ‘cow’, a type of company that has the track record of paying out consistent and sustainable dividends. Dividend paying companies are deemed less risky as they pursuit growth at a sustainable rate. 3M has a high health score of 8/10 with regard to its cashflows and debt, is capable to sustain future operations in times of crisis.
The stock price moved down the same day, but 3M is still a great investment. The company has a long history of paying dividends and increasing them each year. 3M also has a strong balance sheet and is well-positioned to weather any economic downturn.
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