Is 3M A Top Dividend Aristocrat Stock Going Forward? No, Not Good Enough


  • 3M Company’s Q4 2022 financial performance and its 2023 guidance were disappointing, but MMM continues to do well in the area of shareholder capital return.
  • I like MMM’s long dividend payment track record and its attractive dividend yields.
  • But I have a less favorable view of 3M Company’s dividend growth expectations and dividend safety metrics.
  • A Hold rating for 3M Company is fair; MMM is a decent dividend stock, but it isn’t good enough to be a top dividend aristocrat.

3M tape manufacturing facility. This plant is part of the Industrial, Adhesives and Tape Division IV


Elevator Pitch

My rating for 3M Company’s (NYSE:MMM) shares stays as a Hold.

With my earlier September 6, 2022 update, I highlighted potential catalysts for 3M Company. I determine if MMM is a top dividend aristocrat in the latest write-up.

Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Asia Value & Moat Stocks is a research service for value investors seeking Asia-listed stocks with a huge gap between price and intrinsic value, leaning towards deep value balance sheet bargains (i.e., buying assets at a discount, e.g., net cash stocks, net-nets, low P/B stocks, sum-of-the-parts discounts) and wide moat stocks (i.e., buying earnings power at a discount in great companies like "Magic Formula" stocks, high-quality businesses, hidden champions and wide moat compounders). Sign up here to get started today!

Leave a Reply

Your email address will not be published. Required fields are marked *