Dividend Runner: $1.11 dividends are now a reality for 3M Company (NYSE:MMM) shareholders. Here’s why.

Dividend Runner: $1.11 dividends are now a reality for 3M Company (NYSE:MMM) shareholders. Here's why.

3M Company (NYSE:MMM) is expected to pay $1.11 on Dec 12, 2016. The indicated annual dividend is $4.44. Shareholders owning the stock before Nov 16, 2016 will be eligible to receive the payout. Based on 3M Company’s current price of $172.91, the dividend is 0.64%. This dividend’s record date is Nov 18, 2016 and the announcement date is Nov 9, 2016. The stock decreased 1.24% or $2.17 during the last trading session, hitting $172.91. 3M Co (NYSE:MMM) has risen 2.56% since April 13, 2016 and is uptrending. It has underperformed by 1.36% the S&P500.

3M Company is a technology company. The Firm operates through five divisions. The company has a market cap of $104.48 billion. The Company’s Industrial segment serves markets, such as automotive original equipment maker and automotive aftermarket, electronics, appliance, paper and printing, packaging, food and beverage, and construction. It has a 21.78 P/E ratio. The Company’s Safety and Graphics segment serves markets for the safety, security and productivity of people, facilities and systems.

Insitutional Activity: The institutional sentiment decreased to 0.78 in 2016 Q2. Its down 0.18, from 0.96 in 2016Q1. The ratio fall, as 60 funds sold all 3M Co shares owned while 594 reduced positions. 48 funds bought stakes while 464 increased positions. They now own 386.81 million shares or 1.17% less from 391.41 million shares in 2016Q1.
Glg Ltd Com, a New York-based fund reported 24,792 shares. Boulegeris Investments, a Georgia-based fund reported 1,735 shares. Accredited Invsts has invested 0.5% of its portfolio in 3M Co (NYSE:MMM). Fcm Invs Tx has 800 shares for 0.08% of their US portfolio. Lodestar Invest Counsel Lc Il holds 82,546 shares or 2.06% of its portfolio. The Netherlands-based Ing Groep Nv has invested 0.03% in 3M Co (NYSE:MMM). Prudential Public Ltd Company last reported 0.34% of its portfolio in the stock. Moreover, Coastline Trust has 0.36% invested in 3M Co (NYSE:MMM) for 10,310 shares. Stewart Patten Co Limited Liability Company has 5.06% invested in the company for 147,137 shares. Alexandria Lc last reported 698 shares in the company. The Illinois-based Geneva Advsr Ltd Liability Company has invested 0.09% in 3M Co (NYSE:MMM). Financial Bank Of Stockton accumulated 0.89% or 9,590 shares. Confluence Wealth Management Limited Liability Corp owns 1,616 shares or 0.14% of their US portfolio. Brookstone Capital Management holds 0.03% or 1,435 shares in its portfolio. Forbes J M Com Ltd Liability Partnership reported 2,841 shares or 0.14% of all its holdings.

Insider Transactions: Since July 29, 2016, the stock had 0 buys, and 6 selling transactions for $5.16 million net activity. $1.62 million worth of 3M Co (NYSE:MMM) was sold by Bauman James L on Monday, August 1. $567,284 worth of 3M Co (NYSE:MMM) shares were sold by Keel Paul A. Shares for $205,198 were sold by Bushman Julie L on Friday, November 4. On Friday, July 29 the insider Little Frank R Jr. sold $674,198. Ashish Khandpur K also sold $299,515 worth of 3M Co (NYSE:MMM) on Friday, July 29.

3M Co (NYSE:MMM) Ratings Coverage

Out of 10 analysts covering 3M (NYSE:MMM), 5 rate it a “Buy”, 2 “Sell”, while 3 “Hold”. This means 50% are positive. 3M has been the topic of 30 analyst reports since July 24, 2015 according to StockzIntelligence Inc. Barclays Capital upgraded it to “Overweight” rating and $194 target price in Monday, October 24 report. The firm earned “Buy” rating on Wednesday, March 30 by UBS. The stock has “Underperform” rating given by RBC Capital Markets on Wednesday, December 16. The stock of 3M Co (NYSE:MMM) earned “Hold” rating by Deutsche Bank on Tuesday, August 25. The stock of 3M Co (NYSE:MMM) has “Buy” rating given on Friday, July 24 by UBS. The rating was maintained by Bernstein on Wednesday, March 30 with “Market Perform”. On Wednesday, October 26 the stock rating was maintained by RBC Capital Markets with “Underperform”. The firm has “Underperform” rating by RBC Capital Markets given on Friday, October 23. The firm has “Outperform” rating by Credit Suisse given on Tuesday, March 15. RBC Capital Markets maintained it with “Underperform” rating and $149 target price in Tuesday, August 4 report.

More notable recent 3M Co (NYSE:MMM) news were published by: Seekingalpha.com which released: “Dividend Aristocrats In Focus Part 33: 3M Co.” on November 08, 2016, also Reuters.com with their article: “Post-it maker 3M trims forecasts for second time” published on October 25, 2016, Bloomberg.com published: “3M Cuts Profit Outlook Amid Surprise Weakness in Health Care” on October 25, 2016. More interesting news about 3M Co (NYSE:MMM) were released by: Bizjournals.com and their article: “3M expands patent infringement lawsuit scope against this local company” published on October 19, 2016 as well as Wsj.com‘s news article titled: “3M Earnings Preview: What to Watch” with publication date: October 24, 2016.

MMM Company Profile

3M Company (3M), incorporated on June 25, 1929, is a technology company. The Firm operates through five divisions: Industrial, Safety and Graphics, Health Care; Electronics and Energy, and Consumer. 3M products are sold through various distribution channels, including directly to users and through wholesalers, retailers, jobbers, distributors and dealers in a range of trades in various countries around the world. The Firm operates over 90 manufacturing facilities in approximately 30 states. The Firm operates over 130 manufacturing and converting facilities in approximately 40 countries outside the United States.

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