However, I believe that today there are three reasons why 3M is a buy for long-term dividend growth investors: 3M is reducing debt and improving capital deployment, the third quarter will be better than the second quarter, and the company is a Dividend King.
Industrial giant 3M is muddling through the COVID-19 crisis, but that's just a small part of the cause behind its relatively low price. The stock is only down about 7% or so in 2020, so there's more to that decline than the 2020 COVID-19 pandemic.
In 2019, 3M's free cash flow increased 10% to $5.4 billion, leaving around $2 billion after paying $3.3 billion in dividends. A 60% payout ratio is a reasonably safe level for 3M.
--(BUSINESS WIRE)--The 3M Board of Directors (NYSE:MMM) today declared a dividend on the company's common stock of $1.47 per share for the fourth quarter of 2020. The dividend is payable December 12, 2020, to shareholders of record at the close of business on November 20, 2020.
As such, 3M remains one of the most interesting value options for investors in the industrial sector. Throw in a 3.7% dividend yield and the stock should be very attractive for dividend investors.
17 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Oshkosh in the last twelve months. There are currently 6 hold ratings, 10 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street research analysts is that investors should "buy" Oshkosh stock.
Valuation metrics show that AbbVie Inc. may be undervalued. Its Value Score of A indicates it would be a good pick for value investors. The financial health and growth prospects of ABBV, demonstrate its potential to outperform the market.
So you might want to want to wait for a dip to buy Waste Management shares, but don't miss it then. It's a safe, reliable stock that also pays a dividend: It has increased its dividend annually for 17 consecutive years and currently yields 1.9%.
dividend is expected to go ex in 1 month and to be paid in 2 months.
Stock Split History
| Year of Split | Date of Split | Ratio |
|---|
| 2003 | 9/29/2003 | 2 for 1 |
| 1994 | 3/15/1994 | 2 for 1 |
| 1987 | 5/22/1987 | 2 for 1 |
| 1972 | 5/23/1972 | 2 for 1 |
A cash dividend payment of $1.122 per share is scheduled to be paid on January 28, 2021. Shareholders who purchased CM prior to the ex-dividend date are eligible for the cash dividend payment.
To ensure you are a shareholder by the record date you need to buy shares at least one day before the ex-dividend date. This is because the standard settlement for UK equities is two working days. Take the example of Company ABC, which sets a record date of Friday 5 May. The ex-dividend date would be Thursday 4 May.
Apple's stock has split five times since the company went public. The stock split on a 4-for-1 basis on August 28, 2020, a 7-for-1 basis on June 9, 2014, and split on a 2-for-1 basis on February 28, 2005, June 21, 2000, and June 16, 1987.
These stocks may be splitting:
- Amazon.com (AMZN)
- Alphabet (GOOGL)
- AutoZone (AZO)
- Charter Communications (CHTR)
- Bio-Rad Laboratories (BIO)
- Nvidia Corp. (NVDA)
- ServiceNow (NOW)
- Netflix (NFLX)
The Company normally pays dividends four times a year, usually April 1, July 1, October 1 and December 15. Shareowners of record can elect to receive their dividend payments electronically or by check in the currency of their choice.
Best stocks as of December 2020
| Symbol | Company Name | Price Performance (This Yr) |
|---|
| CTLT | Catalent Inc. | 69.06% |
| SNPS | Synopsys Inc. | 68.23% |
| AAPL | Apple Inc. | 67.87% |
| AMZN | Amazon.com Inc. | 67.84% |
- Warren Buffett is scooping up stocks.
- AbbVie (ABBV)
- Merck & Co. (
- Bristol-Myers Squibb Co. (
- Snowflake (SNOW)
- T-Mobile US (TMUS)
- Pfizer (PFE)
- Bank of America Corp. (
Investors should still exercise caution when it comes to Amazon stock. 2020 was an unprecedented year in many ways. Despite this near-term risk, the company's strong business momentum and the impressive scalability its business model demonstrated in 2020 ultimately make the stock a buy at this level, in my opinion.
