3M Co (Symbol: MMM) has been named to the Dividend Channel ''S.A.F.E. 25'' list, signifying a stock with above-average ''DividendRank'' statistics including a strong 4.8% yield, as well as a superb track record of at least two decades of dividend growth, according to the most recent ''DividendRank'' report.
According to the ETF Finder at ETF Channel, 3M Co is a member of the iShares S&P 1500 Index ETF (ITOT), and is also an underlying holding representing 1.52% of the SPDR S&P Dividend ETF (SDY), which holds $332,171,504 worth of MMM shares.
3M Co (Symbol: MMM) made the "Dividend Channel S.A.F.E. 25" list because of these qualities: S. Solid return — hefty yield and strong DividendRank characteristics; A. Accelerating amount — consistent dividend increases over time; F. Flawless history — never a missed or lowered dividend; E. Enduring — at least two decades of dividend payments.
The annualized dividend paid by 3M Co is $5.96/share, currently paid in quarterly installments, and its most recent dividend ex-date was on 08/19/2022. Below is a long-term dividend history chart for MMM, which the report stressed as being of key importance.
MMM operates in the Medical Instruments & Supplies sector, among companies like Abbott Laboratories (ABT), and Medtronic PLC (MDT).
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
