3M Stock a SAFE Dividend Stock Play

by ETFChannel.com | February 18, 2014 12:38 pm

3M Stock a SAFE Dividend Stock Play

3M (MMM[1]) has been named to the Dividend Channel[2] ”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”[3] report.

3MLogo 150x150 3M Stock a SAFE Dividend Stock Play According to the ETF Finder[4] at ETF Channel[5], 3M is a member of the iShares S&P 1500 Index ETF (ITOT[6]), and is also an underlying holding representing 1.22% of the SPDR S&P Dividend ETF (SDY[7]), 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.

islideshow 3M Stock a SAFE Dividend Stock Play START SLIDESHOW:
Top 25 S.A.F.E. Dividend Stocks Increasing Payments For Decades »

 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.

11392725883 3M Stock a SAFE Dividend Stock Play

MMM operates in the Medical Instruments & Supplies sector, among companies like Abbott (ABT[8]), and Medtronic (MDT[9]).

Endnotes:
  1. MMM: http://studio-5.financialcontent.com/investplace/quote?Symbol=MMM
  2. Dividend Channel: http://www.dividendchannel.com/
  3. ”DividendRank”: http://www.dividendchannel.com/dividend-rank/
  4. ETF Finder: http://www.etfchannel.com/
  5. ETF Channel: http://www.etfchannel.com/
  6. ITOT: http://studio-5.financialcontent.com/investplace/quote?Symbol=ITOT
  7. SDY: http://studio-5.financialcontent.com/investplace/quote?Symbol=SDY
  8. ABT: http://studio-5.financialcontent.com/investplace/quote?Symbol=ABT
  9. MDT: http://studio-5.financialcontent.com/investplace/quote?Symbol=MDT

Source URL: http://investorplace.com/2014/02/3m-stock-dividend-stock-mmm-abt-med/
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