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Data last updated: Oct 17, 2026
Snapshot (as of Oct 17, 2026): 3M Company (MMM) pays a $3.02 annual dividend ($0.78 quarterly), yielding 1.89% at $164.75/share. Next ex-dividend date 2026-08-24. Source: Yahoo Finance, aggregated by MerryDiv.
Dividend Yield: 1.89%
Annual Dividend: $3.02 per share
Payout Ratio: 53.6%
Ex-Dividend Date: 2026-08-24
Dividend Frequency: quarterly
Sector: Industrials
Years of Dividend History: 65
3M Company dividend investors are looking at a global technology conglomerate founded in 1902, with operations spanning safety equipment, healthcare products, and consumer staples like Post-it notes and Scotch tape. MMM currently pays a 1.85% dividend yield. The trailing annual dividend rate is $3.07 per share, paid quarterly, with the next ex-dividend date on August 24, 2026. Given a beta of 1.074, this is not a low-volatility income play, making it better suited to growth-and-income investors than pure income seekers.
3M Company pays out 152.9% of earnings as dividends, a payout ratio classified as high (above 75%). That figure exceeds 100%, meaning the current dividend is not covered by reported earnings. 3M Company dividend safety is the central concern here: a payout ratio this elevated leaves little buffer, and the breadth of MMM's product lines across industrial, healthcare, and consumer markets does not offset what the earnings coverage numbers plainly show.
3M Company dividend history shows a CAGR of 8.0% per year from 2009 to 2023. Per-share payments grew from $2.04 to $6.00 over that window (figures after 2023 are partial years and excluded from the CAGR). The smallest annual increase in the window was 0.7% in 2021, a sharp contrast to the 34.6% jump recorded in 2014.
| Period | CAGR | From | To |
|---|---|---|---|
| 3-Year | -21.2% | $5.96 (2022) | $2.92 (2025) |
| 5-Year | -13.1% | $5.88 (2020) | $2.92 (2025) |
| 10-Year | -3.3% | $4.10 (2015) | $2.92 (2025) |
MMM fits growth-and-income investors who prioritize dividend growth over current yield, though the current data raises real questions about that growth continuing. The yield sits at a low (below 2%), well below the 5-year average of 2.94%, which means investors are accepting less income than the stock's own recent history delivered. The 8.0% historical CAGR is the headline attraction, but a 152.9% payout ratio means that growth came at a cost that earnings are no longer covering. What an investor gets here is exposure to a diversified industrial and consumer business with a long dividend history. What they accept is a payout that earnings do not currently support.
| Payment Date | Amount per Share |
|---|---|
| 2026-08-24 | $0.7800 |
| 2026-05-22 | $0.7800 |
| 2026-02-13 | $0.7800 |
| 2025-11-14 | $0.7300 |
| 2025-08-25 | $0.7300 |
| 2025-05-23 | $0.7300 |
| 2025-02-14 | $0.7300 |
| 2024-11-15 | $0.7000 |
| 2024-08-26 | $0.7000 |
| 2024-05-23 | $0.7000 |
| Year | Total Dividends |
|---|---|
| 2026 | $2.3400 |
| 2025 | $2.9200 |
| 2024 | $3.6100 |
| 2023 | $6.0000 |
| 2022 | $5.9600 |
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