3M Company (MMM) to Issue Quarterly Dividend of $0.73 on September 12th

3M Company (NYSE:MMM) announced a quarterly dividend on Friday, August 15th, RTT News reports. Shareholders of record on Monday, August 25th will be given a dividend of 0.73 per share by the conglomerate on Friday, September 12th. This represents a c) annualized dividend and a yield of 1.9%.

3M has a dividend payout ratio of 34.9% indicating that its dividend is sufficiently covered by earnings. Research analysts expect 3M to earn $8.33 per share next year, which means the company should continue to be able to cover its $2.92 annual dividend with an expected future payout ratio of 35.1%.

3M Price Performance

NYSE:MMM opened at $152.26 on Friday. The company has a quick ratio of 1.20, a current ratio of 1.72 and a debt-to-equity ratio of 2.87. The stock’s 50 day moving average price is $150.97 and its two-hundred day moving average price is $147.16. The firm has a market capitalization of $81.10 billion, a price-to-earnings ratio of 21.18, a P/E/G ratio of 2.95 and a beta of 1.05. 3M has a 12-month low of $121.98 and a 12-month high of $164.15.

3M (NYSE:MMM) last announced its earnings results on Friday, July 18th. The conglomerate reported $2.16 EPS for the quarter, topping the consensus estimate of $2.01 by $0.15. 3M had a return on equity of 96.48% and a net margin of 16.01%. The firm had revenue of $6.16 billion for the quarter, compared to the consensus estimate of $6.09 billion. During the same period in the previous year, the business earned $1.93 EPS. The business’s quarterly revenue was up 1.4% compared to the same quarter last year. On average, analysts anticipate that 3M will post 7.8 earnings per share for the current year.

3M Company Profile

3M Company provides diversified technology services in the United States and internationally. The company’s Safety and Industrial segment offers industrial abrasives and finishing for metalworking applications; autobody repair solutions; closure systems for personal hygiene products, masking, and packaging materials; electrical products and materials for construction and maintenance, power distribution, and electrical original equipment manufacturers; structural adhesives and tapes; respiratory, hearing, eye, and fall protection solutions; and natural and color-coated mineral granules for shingles.