3M Company (NYSE:MMM) is included among the 10 Best NYSE Dividend Stocks to Buy.
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3M Company (NYSE:MMM) is a diversified technology company that produces a wide range of products serving industries such as electronics, automotive, and consumer goods. Its offerings include adhesives, abrasives, filtration systems, safety gear, and office supplies.
3M Company (NYSE:MMM) operates through three main segments: Safety and Industrial, Transportation and Electronics, and Consumer. In recent years, it has sharpened its focus by boosting investment in innovation and restructuring its portfolio, including the spin-off of its Health Care division. Key factors behind 3M’s success include its capacity to develop new products, effectively handle legal and regulatory challenges, maintain strong manufacturing efficiency, and generate consistent free cash flow.
3M Company (NYSE:MMM) currently offers a quarterly dividend of $0.73 per share, having raised it by 4.3% earlier this year. This was the company’s first dividend hike after slashing its payout by half in 2024. The stock has a dividend yield of 1.86%, as of September 20.
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