Is 3M an Excellent Dividend Stock to Buy?

By Parkev Tatevosian, CFA – Jul 27, 2023 at 4:45AM

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 is making excellent progress in reducing costs to boost profitability.

Fool.com contributor Parkev Tatevosian reviews 3M's (MMM 0.46%) latest financial figures to determine whether the stock is a good choice for passive income investors.

*Stock prices used were the afternoon prices of July 24, 2023. The video was published on July 26, 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.