|Day's range||0.3700 - 0.3700|
Last week, beleaguered industrial conglomerate 3M (NYSE: MMM) dismissed recently installed Group President and Chief Business and Country Officer Michael Vale due to "inappropriate personal conduct and violation of company policy." Vale was arguably the second-most-important executive at the company, but does his departure significantly impact the investment case for the company? Who is Michael Vale?
What are the early trends we should look for to identify a stock that could multiply in value over the long term...
3M (MMM) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
Dividend Kings have excellent track records for dividend growth, and are often seen as some of the safest income investments to own. Two dividend growth stocks that may look tempting and that investors may want to take a closer look at today are AbbVie (NYSE: ABBV) and 3M (NYSE: MMM). Healthcare company AbbVie pays a dividend yield of 4.1%, which is more than double the S&P 500 average of 1.7%.
A federal judge has ordered 3M Co CEO Michael Roman to attend mediation aimed at resolving nearly 260,000 lawsuits alleging that 3M military earplugs caused hearing loss, saying the negotiations have reached a "critical juncture." U.S. District Judge Casey Rodgers, in whose Florida court the lawsuits have been consolidated, on Friday ordered Roman to attend mediation talks in Pensacola on May 25 and 26, so that he may "listen and engage directly with the mediators." The mediation so far has been "encouraging," but it requires 3M senior leadership to push ahead, Rodgers said in her order.
Investing in dividend stocks like Verizon and 3M can be an excellent way to generate passive income.
Key Insights Given the large stake in the stock by institutions, 3M's stock price might be vulnerable to their trading...
Value stocks have outperformed growth since the start of 2022, and that trend might continue if a recession is on its way. PepsiCo (NASDAQ: PEP) is a global powerhouse in the beverage and snack markets. Pepsi might have a reputation for playing second fiddle to its rival Coca-Cola, but PepsiCo is a larger operation than just its namesake brand.
If you are looking for a high-yield industrial Dividend King, Leggett & Platt comes with less baggage than better-known 3M.
3M (NYSE: MMM) has paid a dividend to investors for over 100 years consecutively, but the business is deteriorating in a lot of ways. Organic growth is almost nonexistent, and margins are shrinking as management looks to cut costs further.
The Dow Jones Industrial Average was the best-performing of the three major indexes in 2022, but 2023 hasn't been as kind to the blue chip index. The regional banking crisis has hit the Dow hard, and the rebound in tech stocks has also left it lagging behind the S&P 500 and Nasdaq Composite, which have more exposure to the tech sector. As you can see from the chart below, the Dow is actually down slightly for the year even as the other two indexes have delivered solid gains.
Recently, Zacks.com users have been paying close attention to 3M (MMM). This makes it worthwhile to examine what the stock has in store.
Industrial conglomerate 3M's (NYSE: MMM) stock price has steadily declined since peaking in early 2018. The lower share price has pushed the stock's dividend yield to nearly 6%, an all-time high for 3M. Given that 3M has raised its dividend annually for 65 consecutive years, some are questioning whether the streak may soon be broken.
The partnership between 3M (MMM) and Svante targets to develop solutions by utilizing parallel channel structured adsorbent technology for sale in the carbon dioxide removal industry.
Let's talk about the popular 3M Company ( NYSE:MMM ). The company's shares received a lot of attention from a...
ST. PAUL, Minn. & VANCOUVER, British Columbia, May 16, 2023--3M (NYSE: MMM) is expanding its ongoing commitment to materials science-based climate tech solutions by working with BC-based Svante Technologies, Inc. (Svante) to develop material that can trap carbon dioxide (CO2) found in the atmosphere and permanently remove it.
Whether or not you buy the highest-yielding Dow stocks depends on how you invest. Here is a look at each of them.
Kidde-Fenwal Inc, a subsidiary of Carrier Global Corp that specializes in fire control systems, filed for bankruptcy on Sunday, as it buckles under the weight of lawsuits alleging that "forever chemicals" in its firefighting foam products have contaminated water sources around U.S. airports and military bases. Kidde-Fenwal filed for Chapter 11 protection in Delaware bankruptcy court. Since 2016, Kidde-Fenwal has been named as a defendant in more than 4,400 lawsuits filed by local governments, companies and individuals, claiming that aqueous film forming foam (AFFF) products contaminated drinking water and soil with perfluoroalkyl and polyfluoroalkyl substances, known as PFAS or "forever chemicals."
After a rough 2022, the S&P 500 is up 7% year to date. Enphase Energy (NASDAQ: ENPH), 3M (NYSE: MMM), and Devon Energy (NYSE: DVN) are among those beaten-down names, but there are reasons to be optimistic that their rebounds are coming. Weak guidance, supply chain issues, and adverse regulatory impacts have combined to make Enphase one of the worst performers in the S&P 500 in 2023, with a year-to-date decline of about 40%.
3M Company ( NYSE:MMM ) is about to trade ex-dividend in the next four days. The ex-dividend date is usually set to be...
Bank of America data shows cracks in wage growth and discretionary spending among higher-income households.
Key Insights Using the 2 Stage Free Cash Flow to Equity, 3M fair value estimate is US$147 3M is estimated to be 29...
Diversified industrial giant 3M (NYSE: MMM) delivered one of the season's most exciting earnings calls. Instead, management outlined a significant restructuring plan that gives hope it might start to release value from 3M's portfolio of businesses. As such, 3M is becoming an interesting stock again.
There's bad news hammering these high-yielding industrial stocks, but that could be the buying opportunity dividend investors are looking for.
Zacks.com users have recently been watching 3M (MMM) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.