Easy Extra Money Idea of the Day:
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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