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3M ends 64-year dividend raise streak but resumes payouts after legal settlement, becoming an income stock again.

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07 Nov 2026, 14:47 WIB
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Bullish
3M ends 64-year dividend raise streak but resumes payouts after legal settlement, becoming an income stock again.

3M cut its dividend for the first time in 64 years after spinning off Solventum in 2024 but has since raised it twice and resolved major PFAS litigation. The company now pays a dividend yield of about 1.67%, covered comfortably by earnings and free cash flow, despite ongoing PFAS-related cash outflows. With a $6 billion share buyback authorized and improved guidance, 3M is seen as a growth-and-income stock again. Investors should watch upcoming cash flow reversals and dividend increases for further signals.

3M trades at USD 185.15 on Pluang as of Nov 07, 2026 20:02 WIB, down 1.40% in the last day. Despite the recent dividend cut history noted in the article, the stock currently offers a dividend yield of 1.69%. Pluang data shows strong selling pressure with 99% of order activity on the platform being sell orders, reflecting cautious investor sentiment around 3M's outlook.

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