|Bid||0.00 x 1800|
|Ask||0.00 x 800|
|Day's range||169.07 - 172.11|
|52-week range||114.04 - 182.55|
|Beta (5Y monthly)||0.97|
|PE ratio (TTM)||19.20|
|Forward dividend & yield||5.88 (3.48%)|
|Ex-dividend date||21 Aug 2020|
|1y target est||N/A|
3M (MMM) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Industrial conglomerate 3M (NYSE: MMM) reports earnings on Oct. 27, and it promises to be an eventful affair. Trading at 18.3 times estimated 2020 free cash flow, and with management taking concerted action to restructure the company for growth, 3M is an attractive value stock. A glut of respirators could lead to sales and margin challenges at 3M.
Plenty of industrial companies pay a dividend, but not all dividends are safe. Think about it: As an income investor, would you rather own a stock that pays erratic dividends or has a dangerously high payout, or a stock that has consistently paid, even increased, dividends and can generate enough cash flows to cover its payout? The choice is obvious, and you'd be astounded to find how safe and reliable some top-notch industrial dividend stocks are.