Analyzing NYSE:MMM's Dividend Potential.

Our stock screener has spotted 3M CO (NYSE:MMM) as a good dividend stock with solid fundamentals. NYSE:MMM shows decent health and profitability. At the same time it gives a good and sustainable dividend. We'll dive into each aspect below.

ChartMill's Evaluation of Dividend

ChartMill assigns a Dividend Rating to every stock. This score ranges from 0 to 10 and evaluates the different dividend aspects, including the yield, the growth and sustainability. NYSE:MMM scores a 7 out of 10:

• MMM has a Yearly Dividend Yield of 5.55%, which is a nice return.
• MMM's Dividend Yield is rather good when compared to the industry average which is at 7.33. MMM pays more dividend than 90.00% of the companies in the same industry.
• Compared to an average S&P500 Dividend Yield of 2.45, MMM pays a better dividend.
• MMM has been paying a dividend for at least 10 years, so it has a reliable track record.
• MMM has not decreased its dividend for at least 10 years, so it has a reliable track record of non decreasing dividend.

Assessing Health for NYSE:MMM

ChartMill employs its own Health Rating for stock assessment. This rating, ranging from 0 to 10, is calculated by examining various liquidity and solvency ratios. In the case of NYSE:MMM, the assigned 6 reflects its health status:

• Looking at the Altman-Z score, with a value of 2.89, MMM belongs to the top of the industry, outperforming 90.00% of the companies in the same industry.
• The Debt to FCF ratio of MMM is 3.30, which is a good value as it means it would take MMM, 3.30 years of fcf income to pay off all of its debts.
• With an excellent Debt to FCF ratio value of 3.30, MMM belongs to the best of the industry, outperforming 100.00% of the companies in the same industry.

Assessing Profitability for NYSE:MMM

ChartMill utilizes a Profitability Rating to assess stocks, scoring them on a scale of 0 to 10. This rating takes into account a variety of profitability ratios and margins, both in absolute terms and in comparison to industry peers. NYSE:MMM has earned a 6 out of 10:

• The Return On Invested Capital of MMM (13.45%) is better than 100.00% of its industry peers.
• The Average Return On Invested Capital over the past 3 years for MMM is significantly above the industry average of 7.30%.
• MMM's Profit Margin has improved in the last couple of years.
• The Operating Margin of MMM (16.25%) is better than 90.00% of its industry peers.
• The Gross Margin of MMM (44.07%) is better than 100.00% of its industry peers.

More Best Dividend stocks can be found in our Best Dividend screener.

Our latest full fundamental report of MMM contains the most current fundamental analsysis.

Disclaimer

Important Note: The content of this article is not intended as trading advice. It is essential to perform your own analysis and exercise caution when making trading decisions. The article presents observations created by automated analysis but does not guarantee any trading or investment outcomes. Always trade responsibly and make independent judgments.