Dividend Stock: MMM

Easy Extra Money Idea of the Day:

Passive extra income monthly through dividend stock/ETF investing, interest payments (bonds, P2P investing), and alternative investments

3M (MMM) is a high quality blue chip stock you really can’t go wrong with.

MMM is very diversified and operates in multiple segments (Industrial, Health Care, Consumer). They are a global company with operations all over the world which provides less risk through diversity. However the stock is generally viewed as being tied to the USA and global economies which can lead to some downward movement in the stock price. Finally, MMM is known as a “Dividend Aristocrat” meaning a company in the S&P 500 index who has increased dividends every year for the past 25 straight years.

  • MMM operates as a diversified technology company worldwide
  • Founded in 1902 and based in St. Paul, Minnesota
  • Dividend Payout Schedule: 3-6-9-12
  • To create monthly dividend income, pair with an investment from Dividend Payout: 1-4-7-10 and Dividend Payout: 2-5-8-11

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3 Responses to Dividend Stock: MMM

  1. DivHut says:

    What’s not to like about MMM. It’s been with me sinc e2007 and I plan to keep it for the foreseeable future. Good dividend growth, decent current yield and a sustainable dividend too with room for future growth. I think MMM belongs in any long term dividend growth portfolio. Thanks for sharing.

  2. MMM has been on my list to purchase for awhile now. I’m just waiting for a good entry point!

  3. One of my favourite stocks… although not in portfolio yet. Still waiting for a small decline in price. Would like to buy around $155-$160.

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