Dividends4Life: MMM: The Beauty of Boring

MMM: The Beauty of Boring

Posted by D4L | Tuesday, July 30, 2013 | | 0 comments »

3M (MMM) is a homely company. There is nothing sexy about scotch tape or Post-It notes — or Ace bandages or Scotch Bright for that matter. We’re talking about adhesives and cleaning supplies, for crying out loud. No matter how hard you try, there is no way to make these items anything other than boring. And as an investor, I’m OK with that.

3M will never double your money in a year, and you’re certainly not going to get rich quick owning it. But it’s one of those stable, consistent holdings that will quietly chug along, throwing off dividends, and never give you trouble. If bought at a decent price, it’s also a stock that would be difficult to lose money owning over any reasonable time horizon. And at 15 times expected earnings, I would say its pricing is quite fair.

Source: InvestorPlace

Related Articles:
- A Simple Approach To Earn More Than 4% In Dividends
- 5 Basic Materials Stocks With Growing 3%+ Dividends
- What To Do When A Stock Fails To Raise Its Dividend
- A Diversified Approach To International Dividends
- 9 High-Yield Dividend Achievers With 25 Years of Increases

Click here to have future posts delivered to you for free!



Post a Comment


Latest From Dividend Growth Stocks

Popular Posts Last 30 Days