It’s official. 3M cut its dividend significantly. The materials company declared a dividend of 70 cents per share on Tuesday evening. That’s down from the prior quarter’s dividend of $1.51.

However, as a result of the spinoff, 3M said it will reset its dividend payout ratio to approximately 40% of adjusted free cash flow. This will result in a cut to its shareholder payout.

To see what I’m getting at here, consider 3M (MMM), which announced a 44.6% chop to its quarterly dividend on May 14. You’d think that would be the death knell of the stock, right? After all ...

But here's the thing: this dividend cut didn't come out of nowhere. 3M just finished spinning off its healthcare business, Solventum (SOLV), on April 1. And get this - that healthcare arm was ...

Equities research analysts expect that 3M will post 7.28 earnings per share for the current year. The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 12th.

3M had been one of the most reliable dividend stocks around. Its more than a half-century history of dividend increases had it in the elite group of Dividend Kings. However, a series of issues ...

The Chairman of the Board of the company, Kofi Brako, announced this at the Fourth Annual General Meeting (AGM) of the ...

I sold my shares in 3M because it cut its dividend earlier this year. I'm using some of the proceeds to buy Whirlpool. The iconic appliance maker offers a high-yielding dividend backed by an ...

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