Dividends4Life: Count On MMM for a Strong Dividend Yield

Count On MMM for a Strong Dividend Yield

Posted by D4L | Monday, March 30, 2015 | | 0 comments »

3M Co (NYSE:MMM) has been named to the Dividend Channel ”S.A.F.E. 25” list, signifying a stock with above-average DividendRank statistics including a strong 2.5% yield, as well as a superb track record of at least two decades of dividend growth, according to the most recent DividendRank report.

According to the ETF Finder at ETF Channel, 3M is a member of the iShares S&P 1500 Index Fund (ETF) (NYSEARCA:ITOT) and is also an underlying holding representing 1.18% of the SPDR S&P Dividend ETF (NYSEARCA:SDY), which holds $165,388,581 worth of MMM shares. The annualized dividend paid by 3M is $4.10 per share, currently paid in quarterly installments, and MMM stock’s most recent dividend ex-date was on Feb. 11, 2015.

Source: InvestorPlace

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