3M cut its dividend to a level that is far below the prior payment, and income investors should take note.
3M Company has lagged behind the broader market over the past year, and analysts remain cautious about the stock's potential.
The healthcare spinoff looks cheap, but there are some big hurdles it has to clear.
The S&P 500 Index ($SPX ) (SPY ) Wednesday closed up +1.17%, the Dow Jones Industrials Index ($DOWI ) (DIA ) closed up +0.88%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed up +1.49%. US stock indexes...
The S&P 500 Index ($SPX ) (SPY ) this morning is up +0.70%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is up +0.54%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +0.79%. US stock indexes this morning...
3M stock is a Dividend King no more, as the company slashed its payout following the Solventum spinoff. Is the stock still a buy for investors seeking passive income?
As expected, 3M plans to reset its dividend after spinning off its healthcare unit.
The latest analyst update on the industrial conglomerate highlights the ongoing bull vs. bear debate about its stock.
We've also got a look at 3M's spinoff, gold prices, and the beef industry.