3M Company (NYSE:MMM) will begin trading ex-dividend on November 19, 2020. The quarterly dividend payment of $ 1.47 per share is scheduled to be paid on December 12, 2020. The dividend yield based on the latest trading day closing price was 3.46 percent. Shareholders who purchased MMM shares prior to the ex-dividend date are eligible for the cash dividend payment.
Dividends History
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3M Company recently reported third quarter financial results on October 27, 2020, before market open, diversified machinery tools provider posted income for the third quarter of $ 2.43 per share, from the revenue of $ 8,350.00 million. The quarterly earnings decreased 5.81 percent while revenues grew 4.49 percent compared with the same quarter last year.
According to street consensus, MMM was expected to report 3Q20 income of $ 2.26 per share from revenue of $ 8293.16 million. The bottom line results beat street analysts by $ 0.17 or 7.52 percent, at the same time, top line results outshined analysts by $ 56.84 million or 0.69 percent.
Stock Performance
On Friday, shares of 3M Company has traded high as $ 170.26 and has cracked $ 167.28 on the downward trend, reaching $ 169.79 with volume of 1.81 million shares.
According to the previous trading day, closing price of $ 169.79, representing a 46.48 % increase from the 52 week low of $ 114.04 and a 8.49 % decrease over the 52 week high of $ 182.55.
The company has a market capital of $ 97.94 billion and is part of the Industrial Goods sector and Diversified Machinery industry.
3M Company develops, manufactures, and markets various products worldwide. It operates through four business segments: Safety & Industrial, Transportation & Electronics, Health Care, and Consumer. The Safety & Industrial segment offers personal safety products, adhesives and tapes, abrasives, closure and masking systems, electrical markets, automotive aftermarket, and roofing granules.
