MMM a Top Ranked SAFE Dividend Stock With 2.3% Yield
Thu, Aug 24, 8:44 AM ET, by ETF Channel
3M Co (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 2.3% 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 0.91% of the SPDR S&P Dividend ETF (SDY), which holds $138,539,824 worth of MMM shares.
3M Co (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 $4.70/share, currently paid in quarterly installments, and its most recent dividend ex-date was on 08/23/2017. 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 Medtronic PLC (MDT), and Abbott Laboratories (ABT).
Read the original article at ETF Channel: MMM a Top Ranked SAFE Dividend Stock With 2.3% Yield
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