Money and Finance
The Board of Directors at 3M Company (MMM) announced a 35% increase in the dividend last week which is amazing for a company that already boasts a $92B market cap. I last looked at 3M almost a year ago, January 2013, and felt it was a bit overvalued at the time. Based on this year's results, I sure was wrong. 3M closed trading on Friday, December 20th at $136.72 giving a current yield of 2.50%.
Company Background (sourced from Yahoo! Finance):
3M Company operates as a diversified technology company worldwide. The companys Industrial and Transportation segment offers tapes; coated and non-woven abrasives; adhesives; specialty materials; filtration, energy control, and acoustic systems products; closure systems for personal hygiene products; and components and products used in automotive, marine, aircraft, and specialty vehicles. Its Health Care segment provides medical and surgical supplies; skin health and infection prevention, dental and orthodontic, and food safety products; inhalation and transdermal drug delivery systems; and health information systems. The companys Consumer and Office segment offers office supply, stationery, construction and home improvement, home care, protective material, consumer retail personal safety, and consumer health care products. Its Safety, Security, and Protection Services segment provides personal protection and safety and security products, cleaning and protection products for commercial establishments, roofing granules for asphalt shingles, infrastructure protection products used in the oil and gas pipeline markets, and track and trace solutions. The companys Display and Graphics segment provides optical film solutions for LCD electronic displays; reflective sheeting for transportation safety; commercial graphics sheeting and systems; architectural surface and lighting solutions; mobile interactive solutions; and electronic toll collection and parking management hardware and software. Its Electro and Communications segment offers electronic and interconnect solutions, micro interconnect systems, high-performance fluids, high-temperature and display tapes, telecommunications and electrical products, and touch screens and monitors. 3M Company sells its products through wholesalers, retailers, jobbers, distributors, and dealers. The company, formerly known as Minnesota Mining and Manufacturing Company, was founded in 1902 and is based in St. Paul, Minnesota.
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Money and Finance
3M (MMM) Dividend Stock Analysis
The Board of Directors at 3M Company (MMM) announced a 35% increase in the dividend last week which is amazing for a company that already boasts a $92B market cap. I last looked at 3M almost a year ago, January 2013, and felt it was a bit overvalued at the time. Based on this year's results, I sure was wrong. 3M closed trading on Friday, December 20th at $136.72 giving a current yield of 2.50%.
Company Background (sourced from Yahoo! Finance):
3M Company operates as a diversified technology company worldwide. The companys Industrial and Transportation segment offers tapes; coated and non-woven abrasives; adhesives; specialty materials; filtration, energy control, and acoustic systems products; closure systems for personal hygiene products; and components and products used in automotive, marine, aircraft, and specialty vehicles. Its Health Care segment provides medical and surgical supplies; skin health and infection prevention, dental and orthodontic, and food safety products; inhalation and transdermal drug delivery systems; and health information systems. The companys Consumer and Office segment offers office supply, stationery, construction and home improvement, home care, protective material, consumer retail personal safety, and consumer health care products. Its Safety, Security, and Protection Services segment provides personal protection and safety and security products, cleaning and protection products for commercial establishments, roofing granules for asphalt shingles, infrastructure protection products used in the oil and gas pipeline markets, and track and trace solutions. The companys Display and Graphics segment provides optical film solutions for LCD electronic displays; reflective sheeting for transportation safety; commercial graphics sheeting and systems; architectural surface and lighting solutions; mobile interactive solutions; and electronic toll collection and parking management hardware and software. Its Electro and Communications segment offers electronic and interconnect solutions, micro interconnect systems, high-performance fluids, high-temperature and display tapes, telecommunications and electrical products, and touch screens and monitors. 3M Company sells its products through wholesalers, retailers, jobbers, distributors, and dealers. The company, formerly known as Minnesota Mining and Manufacturing Company, was founded in 1902 and is based in St. Paul, Minnesota.
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I'm trying to get ahead of the game on my stock analyses, so here's the first one for March. I'll be looking at the industrial giant Illinois Tool Works (ITW). They are a dividend champion with 49 consecutive years of increasing dividends....
- Rpm International Stock Analysis
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