3M Company (MMM) Ex-Dividend Date Scheduled for May 22, 2013


Shutterstock photo

3M Company ( MMM ) will begin trading ex-dividend on May 22, 2013. A cash dividend payment of $0.635 per share is scheduled to be paid on June 12, 2013. Shareholders who purchased MMM stock prior to the ex-dividend date are eligible for the cash dividend payment. This represents an 7.63% increase over the same period a year ago. At the current stock price of $111.72, the dividend yield is 2.27%.

The previous trading day's last sale of MMM was $111.72, representing a -0.3% decrease from the 52 week high of $112.06 and a 36.27% increase over the 52 week low of $81.99.

MMM is a part of the Health Care sector, which includes companies such as Baxter International Inc. ( BAX ) and Covidien plc. ( COV ). MMM's current earnings per share, an indicator of a company's profitability, is $6.33. Zacks Investment Research reports MMM's forecasted earnings growth in 2013 as 6.06%, compared to an industry average of 8.1%.

For more information on the declaration, record and payment dates, visit the MMM Dividend History page.

Interested in gaining exposure to MMM through an Exchange Traded Fund [ETF]?
The following ETF(s) have MMM as a top-10 holding:

  • DIAMONDS Trust Series I ( DIA )
  • Select Sector SPDR Fund - Industrial ( XLI )
  • Vanguard Industrials ETF ( VIS )
  • iShares Dow Jones U.S. Industrials Index Fund ( IYJ )
  • Vanguard Dividend Appreciation ETF ( VIG ).

The top-performing ETF of this group is VIS with an increase of 18.69% over the last 100 days. DIA has the highest percent weighting of MMM at 5.54%.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

This article appears in: News Headlines Stocks

More from NASDAQ.com News


NASDAQ.com News

NASDAQ.com News

Market News
Follow on:

Find a Credit Card

Select a credit card product by:
Select an offer:
Data Provided by BankRate.com