SmarterDividends
MMM

3M Company

MMM

Industrials · Conglomerates · Stock · quarterly payer

$174.34

Overvalued · -46% Add to Portfolio

Forward Yield

1.79%

Annual Dividend

$3.12

Payout Ratio

46%

5-Yr Growth

-9.9%

Ex-Date

Aug 24, 2026

Frequency

Quarterly

Key facts about MMM's dividend

Data as of · Source: SmarterDividends data

  • As of Nov 2, 2026, 3M Company (MMM) has a forward dividend yield of 1.79%, based on an annual dividend of $3.12 per share and a share price of $174.34.
  • As of Nov 2, 2026, MMM's dividend safety grade from SmarterDividends is C (65 out of 100), which rates the dividend as borderline.
  • MMM last cut its regular dividend in 2024.
  • MMM's most recent ex-dividend date was Aug 24, 2026, for a dividend of $0.78 per share.
  • As of Nov 2, 2026, MMM pays out 46% of its trailing 12-month earnings as dividends (its payout ratio).
  • MMM's dividend has shrunk at an average rate of 9.9% a year over the past five years.
  • As of Nov 2, 2026, MMM's 1.79% yield is 51% below its five-year average yield of 3.66%.
  • As of Nov 2, 2026, SmarterDividends' blended fair-value estimate for MMM is $94.21 per share, 46% below the $174.34 share price, so MMM screens as overvalued.
  • 3M Company (MMM) pays its dividend quarterly, 4 times a year.
  • 3M Company (MMM) has raised its regular dividend 58 times and cut it 1 time across the 227 payments on record since 1970. Its most recent change was a 6.8% increase to $0.780 per share, going ex-dividend on Feb 13, 2026. The last cut went ex-dividend on May 23, 2024.
  • 3M (MMM) has declared its first higher dividend of the year in February in 5 of the last 5 years; its most recent raise, 6.8%, was declared on Feb 3, 2026.
Cite this page

SmarterDividends, "MMM Dividend: Yield, Safety Grade & Next Ex-Date," updated Nov 2, 2026, https://smarterdividends.com/stocks/MMM

Summary

As of Nov 2, 2026, 3M Company (MMM) yields 1.79% ($3.12 a year per share) and has a dividend safety grade of C (65/100).

Is MMM a good dividend stock?

Yes, with caveats

3M Company (MMM) pays a quarterly dividend yielding 1.79% ($3.12/yr), with 1 year of growth and a dividend-safety grade of C. It's a solid income payer, but check the caveats below before buying.

Advantages

  • Comfortable payout ratio (46%)

Risks

  • Cut its dividend in 2024
  • Dividend has been shrinking, not growing

Key Data

Dividend Yield
1.79%
Payout Ratio
46%
Annual Dividend
$3.12
5-Yr Avg Growth
-9.9%
Ex-Dividend Date
Aug 24, 2026
Years of Growth
1
Frequency
quarterly
Beta
1.06
Market Cap
$89.9B
P/E Ratio
26.0
5-Yr Total Return
23%
52-Week Range
$139.34 – $184.90
Dividend Safety
C · 65/100
Ever Cut?
Yes (2024)

MMM dividend raises and cuts

3M Company (MMM) has raised its regular dividend 58 times and cut it 1 time across the 227 payments on record since 1970. Its most recent change was a 6.8% increase to $0.780 per share, going ex-dividend on Feb 13, 2026. The last cut went ex-dividend on May 23, 2024.

Ex-dateChangeOld → newMove
Feb 13, 2026Raise$0.730 → $0.780+6.8%
Feb 14, 2025Raise$0.700 → $0.730+4.3%
May 23, 2024Cut$1.26 → $0.700−44.6%
Feb 15, 2024Raise$1.25 → $1.26+0.7%
Feb 16, 2023Raise$1.25 → $1.25+0.7%
Feb 17, 2022Raise$1.24 → $1.25+0.7%
Feb 11, 2021Raise$1.23 → $1.24+0.7%
Feb 13, 2020Raise$1.20 → $1.23+2.1%
Feb 14, 2019Raise$1.14 → $1.20+5.9%
Feb 15, 2018Raise$0.982 → $1.14+15.7%
Feb 15, 2017Raise$0.928 → $0.982+5.9%
Feb 10, 2016Raise$0.857 → $0.928+8.3%
Show all 59 changes since 1971
Ex-dateChangeOld → newMove
Feb 11, 2015Raise$0.715 → $0.857+19.9%
Feb 12, 2014Raise$0.531 → $0.715+34.6%
Feb 13, 2013Raise$0.493 → $0.531+7.6%
Feb 15, 2012Raise$0.460 → $0.493+7.3%
Feb 16, 2011Raise$0.439 → $0.460+4.8%
Feb 17, 2010Raise$0.426 → $0.439+2.9%
Feb 18, 2009Raise$0.418 → $0.426+2.0%
Feb 20, 2008Raise$0.401 → $0.418+4.2%
Feb 21, 2007Raise$0.385 → $0.401+4.3%
Feb 22, 2006Raise$0.351 → $0.385+9.5%
Feb 23, 2005Raise$0.301 → $0.351+16.7%
Feb 18, 2004Raise$0.276 → $0.301+9.1%
Feb 19, 2003Raise$0.259 → $0.276+6.5%
Feb 20, 2002Raise$0.251 → $0.259+3.3%
Feb 21, 2001Raise$0.242 → $0.251+3.4%
Feb 23, 2000Raise$0.234 → $0.242+3.6%
Feb 17, 1999Raise$0.230 → $0.234+1.8%
Feb 18, 1998Raise$0.222 → $0.230+3.8%
Feb 19, 1997Raise$0.205 → $0.222+8.2%
Aug 21, 1996Raise$0.196 → $0.205+4.3%
Feb 17, 1995Raise$0.184 → $0.196+6.8%
Feb 18, 1994Raise$0.173 → $0.184+6.0%
Feb 22, 1993Raise$0.167 → $0.173+3.8%
Feb 14, 1992Raise$0.163 → $0.167+2.6%
Feb 15, 1991Raise$0.153 → $0.163+6.8%
Feb 16, 1990Raise$0.136 → $0.153+12.3%
Feb 17, 1989Raise$0.111 → $0.136+22.6%
Feb 22, 1988Raise$0.0972 → $0.111+14.0%
Feb 23, 1987Raise$0.0941 → $0.0972+3.3%
Feb 14, 1986Raise$0.0915 → $0.0941+2.9%
Feb 15, 1985Raise$0.0888 → $0.0915+2.9%
Feb 17, 1984Raise$0.0862 → $0.0888+3.0%
Feb 18, 1983Raise$0.0836 → $0.0862+3.1%
Feb 11, 1982Raise$0.0784 → $0.0836+6.7%
Feb 13, 1981Raise$0.0732 → $0.0784+7.1%
Feb 15, 1980Raise$0.0627 → $0.0732+16.7%
Feb 16, 1979Raise$0.0523 → $0.0627+20.0%
Feb 17, 1978Raise$0.0444 → $0.0523+17.6%
Feb 18, 1977Raise$0.0378 → $0.0444+17.4%
Feb 13, 1976Raise$0.0352 → $0.0378+7.4%
Feb 14, 1975Raise$0.0327 → $0.0353+8.0%
Feb 15, 1974Raise$0.0287 → $0.0327+13.8%
Aug 20, 1973Raise$0.0261 → $0.0287+10.0%
Feb 16, 1973Raise$0.0252 → $0.0261+3.7%
Aug 21, 1972Raise$0.0251 → $0.0252+0.2%
Feb 18, 1972Raise$0.0242 → $0.0251+3.9%
Feb 11, 1971Raise$0.0228 → $0.0242+6.2%
Every MMM payment →Download every raise and cut (CSV)
MMM ex-dividend date & scheduleNext ex-date Aug 24, 2026 · full ex-dividend historyView →MMM dividend historyEvery payment, totals by year, raises and cutsView →

Frequently Asked Questions

Is MMM a good dividend stock?

Yes, with caveats. 3M Company (MMM) pays a quarterly dividend yielding 1.79% ($3.12/yr), with 1 year of growth and a dividend-safety grade of C. It's a solid income payer, but check the caveats below before buying.

Is MMM undervalued?

Based on a blend of discounted cash flow, a dividend-discount model and an earnings-multiple estimate, MMM's fair value is about $94.21 versus a $174.34 share price — so it looks overvalued (-46% vs. fair value).

Is MMM's dividend safe?

MMM has a dividend-safety grade of C (65/100), based on its payout coverage, free-cash-flow, 1-year growth streak, a dividend cut in 2024, debt and yield-versus-history.

What is MMM's fair value?

Our blended fair-value estimate for MMM is about $94.21 per share, about 46% below the current $174.34 price — combining a discounted cash flow, a dividend-discount model and an earnings multiple.

Is MMM a buy, hold, or sell?

We don't issue formal ratings, but on the data MMM screens as "yes, with caveats" and overvalued. 3M Company (MMM) pays a quarterly dividend yielding 1.79% ($3.12/yr), with 1 year of growth and a dividend-safety grade of C. It's a solid income payer, but check the caveats below before buying. This is research for your own analysis, not investment advice.

Will MMM cut its dividend?

MMM earns a dividend-safety grade of C (65/100), and has cut its dividend before (last in 2024). A higher score means lower cut risk based on payout coverage, cash flow and history — but no score guarantees a dividend.

Does MMM pay a dividend?

Yes. 3M Company pays a quarterly dividend of about $3.12 per share annually, a forward yield of roughly 1.79%.

What is MMM's dividend yield?

As of Nov 2, 2026, MMM's forward dividend yield is 1.79%, based on a $3.12 annual dividend and a $174.34 share price.

What is MMM's dividend per share?

As of Nov 2, 2026, MMM pays $3.12 per share per year, distributed on a quarterly basis.

What is MMM's dividend payout ratio?

As of Nov 2, 2026, MMM's payout ratio is 46% of trailing 12-month earnings — a comfortable level that leaves room to keep raising the dividend.

How many years has MMM grown its dividend?

As of Nov 2, 2026, MMM has increased its dividend for 1 consecutive years.

When is the next MMM ex-dividend date?

As of Nov 2, 2026, MMM's next ex-dividend date hasn't been announced. The most recent was Aug 24, 2026, for $0.78 per share.

Income Calculator

At $3.12 / yr per share

Per payment (quarterly)$78.00
Annual$312.00
Monthly avg$26.00

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