3M Company
MMMIndustrials · Stock · quarterly payer
Forward Yield
1.89%
Annual Dividend
$3.12
Payout Ratio
54%
5-Yr Growth
-9.9%
Ex-Date
Aug 24, 2026
Frequency
Quarterly
Summary
As of September 2026, 3M Company (MMM) yields 1.89% ($3.12 per share annually), with a blended fair-value estimate of $77.31 — -53% downside, so it screens as overvalued. Dividend safety grade: C (65/100). 1 years of dividend growth.
Is MMM a good dividend stock?
Yes, with caveats3M Company (MMM) pays a quarterly dividend yielding 1.89% ($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 (54%)
Risks
- Cut its dividend in 2024
- Dividend has been shrinking, not growing
Key Data
- Dividend Yield
- 1.89%
- Payout Ratio
- 54%
- Annual Dividend
- $3.12
- 5-Yr Avg Growth
- -9.9%
- Ex-Dividend Date
- Aug 24, 2026
- Years of Growth
- 1
- Frequency
- quarterly
- Beta
- 1.07
- Market Cap
- $85.1B
- P/E Ratio
- 29.3
- 5-Yr Total Return
- 12%
- 52-Week Range
- $139.34 – $184.90
- Dividend Safety
- C · 65/100
- Ever Cut?
- Yes (2024)
Frequently Asked Questions
MMM Price — Last 12 Months
Daily close
Price Return
1 Year
+6%
3 Years
+111%
5 Years
+12%
52-Week Range
$139.34 – $184.90
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is MMM worth?
Overvaluedmedium confidenceOur blended fair-value estimate for 3M Company is $77.31 per share, versus a market price of $164.97. That implies 53% of downside.
Fair Value
$77.31
Current Price
$164.97
Downside
-53%
Margin of Safety
-113%
How we get there
Discounted cash flow
Discounts projected free cash flow back to today.
Dividend discount
Discounts the future dividend stream back to today.
Earnings multiple (Graham)
Graham's earnings-multiple formula, anchored to bond yields.
At today's price, the market is pricing in about 40.0% annual free-cash-flow growth. We model 7.7% — so the price already assumes faster growth than we think is likely.
Assumptions: 9.7% discount rate (CAPM), 7.7% stage-1 growth, 2.5% terminal growth, $5.63 EPS, $3.12 annual dividend. Updated weekly.
Fair-value estimates are model output for educational purposes only — not investment advice or a price target.
MMM Dividend Safety Score
Borderline
SmarterDividends' proprietary score, backtested against which dividends were actually cut over 15+ years (0.78 AUC). It blends a validated cut-risk model (growth streak, cut history) with current payout, cash-flow and debt. Higher is safer · not investment advice.
Dividend Growth
Total dividends per share by year
Dividend History
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| Aug 24, 2026 | — | $0.7800 | regular |
| May 22, 2026 | — | $0.7800 | regular |
| Feb 13, 2026 | — | $0.7800 | regular |
| Nov 14, 2025 | — | $0.7300 | regular |
| Aug 25, 2025 | — | $0.7300 | regular |
| May 23, 2025 | — | $0.7300 | regular |
| Feb 14, 2025 | — | $0.7300 | regular |
| Nov 15, 2024 | — | $0.7000 | regular |
| Aug 26, 2024 | — | $0.7000 | regular |
| May 23, 2024 | — | $0.7000 | regular |
| Feb 15, 2024 | — | $1.2625 | regular |
| Nov 16, 2023 | — | $1.2542 | regular |
| Aug 18, 2023 | — | $1.2542 | regular |
| May 18, 2023 | — | $1.2542 | regular |
Income Calculator
At $3.12 / yr per share
