Is 3M's 5.8% Dividend Yield Safe for Long-Term Investors?

By Parkev Tatevosian, CFA – Jul 24, 2023 at 9:48AM

NYSE: MMM

3M

Market Cap

$51B

Today's Change

(0.46%) $0.42

Current Price

$91.83

Price as of April 26, 2024, 4:00 p.m. ET

3M might face revenue headwinds in the near term, but is that enough to put its dividend in jeopardy?

Fool.com contributor Parkev Tatevosian evaluates 3M's (MMM 0.46%) financials to determine if the dividend payment is at risk of being paused or decreased.

*Stock prices used were the afternoon prices of July 20, 2023. The video was published on July 22, 2023.

Parkev Tatevosian, CFA has positions in 3M. The Motley Fool recommends 3M. The Motley Fool has a disclosure policy. Parkev Tatevosian is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool.