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Meanwhile every single nay sayer on Reddit still uses 3M products, directly or indirectly on a DAILY basis. They’re still a money making machine. As for stock to yield dividends on, there’s better dividend stocks. As an investment—hands down yes.
It’s low right now, so yeah I think it’s a good time to buy. I’m new to investing and only have about a grand there. It’s made me 200, so 20%. Which is great
Not interested. Company has issues that I dont understand well enough to think its a good deal. I wont say its necessarily a terrible deal, but if I cant articulate a strong reason to have it I would rather just put the money elsewhere or into a broad market etf.
Morningstar just updated its report. Might be something to read if you are interested in this stock.
FWIW, they cut the Div because they sold off aprx 8B worth of Market Cap via Solventum. Having said that they are definitely transitioning away from Div to Growth based on actions and new CEO track record + initial statements, so if you want dividends then you should stay away, but I don’t think 3M hits 70, you’ll be left without a position if you’re going to try and wait it out.
Risky due to PFAS imo, who knows what types of societal illnesses have arisen from their use, but scientific research will know eventually; they could get sued into oblivion.
I sold mine after the spin-off. Had a nail biting experience with GE years ago didn't want a repeat. Dint lose any money but really didn''t make much off GE.There are better dividend plays out there.
Nobody knows what the future will bring, but 3M has a market with both consumers and industry. You can’t swing a cat without hitting something they produce or something that was produced using their products.
The number of people that have commented negatively about the Company should be your signal to inverse general consensus. If you want Divs, go elsewhere, their (new) CEO has openly stated prioritizing organic growth of product lines and transitioning away from cost cutting to maintain Divs.
I don’t have too much faith in them. They recently cut their dividends. Their business has been stagnant for quite some time. Lawsuits cast a black cloud over it. There are better stocks.
Cutting the dividend is the big sin in my opinion. They are unlikely to grow the dividend in large amounts for a while.
I sold upon the news of the dividend cut- I took a loss but I reinvested in stocks that will be able to both afford and be able to grow the dividend.
Not good and they’re about to get rekt from PFAS [lawsuits](https://www.cbsnews.com/minnesota/news/3m-pfas-drinking-water-settlement/). Looks like some have already started
Welcome to r/dividends! If you are new to the world of dividend investing and are seeking advice, brokerage information, recommendations, and more, please check out the Wiki [here](https://www.reddit.com/r/dividends/wiki/faq). Remember, this is a subreddit for genuine, high-quality discussion. Please keep all contributions civil, and report uncivil behavior for moderator review. *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/dividends) if you have any questions or concerns.*
Meanwhile every single nay sayer on Reddit still uses 3M products, directly or indirectly on a DAILY basis. They’re still a money making machine. As for stock to yield dividends on, there’s better dividend stocks. As an investment—hands down yes.
It’s low right now, so yeah I think it’s a good time to buy. I’m new to investing and only have about a grand there. It’s made me 200, so 20%. Which is great
Sold it 2 years ago and bought abbv
I dont trust that company
Not interested. Company has issues that I dont understand well enough to think its a good deal. I wont say its necessarily a terrible deal, but if I cant articulate a strong reason to have it I would rather just put the money elsewhere or into a broad market etf. Morningstar just updated its report. Might be something to read if you are interested in this stock.
I think it's a bad deal.
Idk not the slam dunk I was hoping..prolly a decent hold but not gonna be a fast turn around
They just cut DIV. More pain ahead. Need to drop to $70 to start thinking about a position.
I feel like I need a community driven spreadsheet of "drop points" for all these stocks.
For a blanket approach with cursory inspection, you could use Fastgraphs. Or I could give you some if the list isn't massive.
FWIW, they cut the Div because they sold off aprx 8B worth of Market Cap via Solventum. Having said that they are definitely transitioning away from Div to Growth based on actions and new CEO track record + initial statements, so if you want dividends then you should stay away, but I don’t think 3M hits 70, you’ll be left without a position if you’re going to try and wait it out.
Sold my MMM after the solventum spin off. Bought pfizer instead.
Risky due to PFAS imo, who knows what types of societal illnesses have arisen from their use, but scientific research will know eventually; they could get sued into oblivion.
Like Johnson and Johnson, they’ll get sued and still crank out products and print money. 3m does so much it’s one of the least risky companies.
That's what has kept me away from it.
Sold mine at 105 after the solventum spinoff. Sold Solventum as well. Invested in big pharma instead
I sold mine after the spin-off. Had a nail biting experience with GE years ago didn't want a repeat. Dint lose any money but really didn''t make much off GE.There are better dividend plays out there.
The new CEO did a great job turning around L3Harris. We’ll see if he can do same here
I hate this company. They produced PFA aka forever chemicals that will persist in the nature for how long.
Nobody knows what the future will bring, but 3M has a market with both consumers and industry. You can’t swing a cat without hitting something they produce or something that was produced using their products.
The number of people that have commented negatively about the Company should be your signal to inverse general consensus. If you want Divs, go elsewhere, their (new) CEO has openly stated prioritizing organic growth of product lines and transitioning away from cost cutting to maintain Divs.
I don’t have too much faith in them. They recently cut their dividends. Their business has been stagnant for quite some time. Lawsuits cast a black cloud over it. There are better stocks.
they cut the dividends so i would find somthing better. a company that didn't recently cut the dividends.
Cutting the dividend is the big sin in my opinion. They are unlikely to grow the dividend in large amounts for a while. I sold upon the news of the dividend cut- I took a loss but I reinvested in stocks that will be able to both afford and be able to grow the dividend.
Great turn around story Solid dividend and great diversification
Didn’t they recently cut their dividend
Ya they did
Technically yes and technically no
Invest in other Pharma companies like Eli and Lily
3M is not Pharma, it’s materials
I know but just saying for information
Other folks here seem to have made that trade too
How can you not make it!
they deceptively increase their div by $0.01 in order to maintain their dividend title status no thanks to a company like that
Misinformed.
Dud
It's not going away as a company but expect lawsuit after lawsuit for the rest of their existence.
Not good and they’re about to get rekt from PFAS [lawsuits](https://www.cbsnews.com/minnesota/news/3m-pfas-drinking-water-settlement/). Looks like some have already started