3M As of February 16, 2021 ticker dps (an.) 2021 hike 2020 hike 2019 hike
MMM $5.92 0.7% 2.1% 5.9%
Business yield Hike yrs 5 yr CAGR freq. paid since
Industrial Conglomerate 3.4% 63 5.9% Quarter 1916
3M's dividend growth has been slowing since 2019 © DIVIDENDHIKE.COM
3M's dividend growth has been slowing since 2019 © DIVIDENDHIKE.COM

Dividend Aristocrat 3M Co. (MMM) will raise its quarterly dividend by 0.7 percent to $1.48 per share in 2021. This comes after a 2.1 percent hike to $1.47 per share in the first quarter of 2020. 3M has increased its dividend for 63 consecutive years and paid dividends to its shareholders without interruption for more than 100 years.

The next dividend is payable March 12, 2021, to shareholders of record at the close of business on February 12, 2021. A new annualized dividend rate of $5.92 per share yields 3.4% at a stock price of $175.

This 2021 dividend hike is the smallest in decades.In 2009 the quarterly payment was raised by just 2.0 percent during the financial crisis. The average 5-year dividend growth drops from 7.5 percent to 5.9 percent if this small increase is included. 3M pays an estimated $3.4 billion in dividends annually to shareholders based on calculations by dividendhike.com.

3M Company (formerly known as Minnesota Mining and Manufacturing Company) is a technology company which operates in electronics, telecommunications, industrial, consumer and office, health care, safety, and other markets.  The company's business segments are Industrial; Safety and Graphics; Health Care; Electronics and Energy; and Consumer. 3M's products include adhesives, abrasives, laminates, passive fire protection, dental and orthodontic products, electronic materials, medical products, car-care products, electronic circuits, and optical films. 3M Company was incorporated in 1929 under the laws of the State of Delaware to continue operations begun in 1902.

Dividend Calendar

Look at the complete list of upcoming events
Ex-date Ticker Yield YTD hike
Mar 04 WY 1.9% %
Mar 04 D 3.5% 0.0%
Mar 04 BAC 2.1% 0.0%
Mar 04 PEP 3.0% 0.0%
Mar 04 SEE 1.5% 0.0%
Mar 04 AJG 1.6% 6.7%
Mar 04 LIN 1.5% 0.0%
Mar 04 KMB 3.5% 6.5%
Mar 04 BLK 2.3% 13.8%
Mar 04 TT 1.6% 11.3%