Will it continue to increase this year, or will this be the year to cease the record?
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this is from a previous post in november so some very well informed ops on this site,,#
nobody wants it,, and how can Roman take his big payoff when the company is on a slide for the next 12-18 months, watch out for the share price going down 10-15 usd in the second week of november,, it might not bounce back ever,, the new norm will be $145 from february onwards,, the big crash could happen in November next year
Current CEO wouldn't want to go down as the one to break the tradition of annual dividend increase
From a finance website ( seeking alpha) :
Here is the Dividend growth rate decay, which makes it obvious that MMM is in some sort of trouble:
Feb. 2016 - from 4.10 to 4.44 (8.3%)
Feb. 2017 - from 4.44 to 4.70 (5.9%)
Feb. 2018 - from 4.70 to 5.44 (15.7%)
Feb. 2019 - from 5.44 to 5.76 ( 5.9%)
Feb. 2020 - from 5.76 to 5.88 (2.1%)
Feb. 2021 - from 5.88 to 5.92 (0.7%)
Feb. 2022 - from 5.92 to 5.96 (0.7%)
The trend is not your friend.
Such a miniscule increase for 2 years
Signals to investors to avoid it
No more growth
Yes, increase in dividend was announced. Miniscule amount, almost as a symbolic gesture to keep the record of increasing dividend going.
Without sustainable organic growth, any increase will become more and more challenging. Moving forward, things will get more and more interesting.
Upper management will have to grow the company, just cost cutting will not cut it anymore.
3M (NYSE:MMM) declares $1.49/share quarterly dividend, 0.7% increase from prior dividend of $1.48
It is $100 off its peak, whereas Dow is near highs now... What a lousy performer in Dow30
I doubt this stock is being managed for retail investors. Pros aRe not content with dividend and no price gain.
Surely they will. It will be miniscule but a finite increment to keep 3M as part of the dividend aristocrat group, and keep long term investors ( Boomers, many who care only about the dividend and probably not much about growth) happy !
No management team wants to be the one to cut dividend or stop dividend under their watch. Stock price, which is already pathetically underperforming compared DJ index, will crater if that happens.
3M is under dire situation, but still able to pay increasing dividends, at least for the next 3 to 5 years.
If situation does not improve by then, then all options are possible...
keeping shareholders happy is the Big Man's sole purpose, stuff the average worker who is grinding to keep his head afloat now the big corps are putting prices up for food , fuel, energy,, it's time to press the reset and wipe out all the greedy multi nationals, it's going to happen very soon. The rich have got too wealthy and average man will be have more outgoings and maybe into debt this year. Give the workers an above inflation pay rise