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Why This Dividend Stock May Be a Buy After Selling Off

Daniel Sparks, The Motley Fool
·3-min read
Why This Dividend Stock May Be a Buy After Selling Off

Shares of 3M (NYSE: MMM) took a hit on Tuesday, sliding about 6% following the company's fourth-quarter report. The maker of diversified industrial, consumer, and healthcare products reported lower-than-expected earnings per share and slower-than-anticipated growth as management said that its consumer-facing products saw demand weaken amid a challenging macroeconomic environment. Based on 3M's fourth-quarter update, business performance could prove to be disappointing in the near term.

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