The Dividend Aristocrats are a group of 51 companies in the S&P 500 Index, with 25+ consecutive years of dividend increases. Read below more about the dividend aristocrat 3m (MMM)
3M Co is a diversified technology company in the sector Industrial Goods. It manufactures a diverse array of industrial and consumer products. Its business segments are Industrial, Safety and Graphics, Health Care, Electronics and Energy, and Consumer. It has: 91,584 full time employees and manufactures around 60,000 products, which are sold in 200 countries around the world.
3M has an impressive track record. 3M has paid dividends for over 100 years, and it has raised its dividend for 59 years in a row.
This makes 3M even a Dividend King, an even smaller group, in total only 23 companies with 50+ consecutive years of dividend increases.
Not only the long dividend track record is impressive, also the average dividend growth between 2009 and 2017 is above 10%.
3M (MMM) has performed very well in 2017. By end of November the total return is 39,37%, while the benchmark (NOBL) is up with 18,51%. Over the last 10 year the annual performance of 3M stock is 7,9, excluding dividends.
The 3M stock is trading at a price-to-earnings ratio of 26.58 and a forward PE-ratio (next fiscal year) of 24.72. This is way above its average valuation. 3M has held an average price-to-earnings ratio of 16.3 over the past 10 years.