by ETFChannel.com | February 18, 2014 12:38 pm
3M (MMM) has been named to the Dividend Channel ”S.A.F.E. 25” list, signifying a stock with above-average ”DividendRank” statistics including a strong 2.6% yield, as well as a superb track record of at least two decades of dividend growth, according to the most recent ”DividendRank” report.
According to the ETF Finder at ETF Channel, 3M is a member of the iShares S&P 1500 Index ETF (ITOT), and is also an underlying holding representing 1.22% of the SPDR S&P Dividend ETF (SDY), which holds $149,505,539 worth of MMM shares.
3M stock made the “Dividend Channel S.A.F.E. 25″ list because of these qualities: S. Solid return — hefty yield and strong DividendRank characteristics; A. Accelerating amount — consistent dividend increases over time; F. Flawless history — never a missed or lowered dividend; E. Enduring — at least two decades of dividend payments.
The annualized dividend paid by 3M stock is $3.42 per share, currently paid in quarterly installments, and its most recent dividend ex-date was on 02/12/2014. Below is a long-term dividend history chart for 3M stock, which the report stressed as being of key importance.
MMM operates in the Medical Instruments & Supplies sector, among companies like Abbott (ABT), and Medtronic (MDT).
Source URL: http://investorplace.com/2014/02/3m-stock-dividend-stock-mmm-abt-med/
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