Current Yield
1.89%
TTM Dividend/Share
$3.02
Payment Frequency
Quarterly
Payout Ratio
58.2%
Consecutive Growth Years
0
Key takeaways
- 3M (MMM) currently yields 1.89%, paying $3.02 per share over the trailing twelve months, distributed quarterly.
- Payout ratio is 58.2% — the share of earnings distributed as dividends.
- 4 of 8 dividend safety checks passed.
- 5-year dividend CAGR of -9.90% (growth is decelerating).
Dividend yield valuation for 3M (MMM)
Current dividend yield vs its own 1Y / 3Y / 5Y historical averages — a rough valuation signal.
Valuation zone | Below average — potentially overvalued |
Current yield (now) | 1.89% |
1-year average yield | 1.37%now 0.52 pp above |
3-year average yield | 3.57%now 1.68 pp below |
5-year average yield | 4.12%now 2.23 pp below |
MMM: a yield above its history can signal value (or risk); below can signal a rich price. One valuation signal among many — review fundamentals before investing.
Dividend health for 3M (MMM)
Cash-flow, leverage and returns metrics that signal whether the dividend is well-covered and sustainable.
Chowder score | -8.0% |
FCF payout ratio | 20.1% |
Net debt / EBITDA | 1.5x |
Interest coverage | 5.43x |
ROIC (TTM) | 19.9% |
Dividend safety score for 3M (MMM)
Checks covering payout coverage, free-cash-flow support, leverage and dividend-growth durability.
4 of 8 checks passed
Payout ratio below 75%
Payout ratio is 58.2%, well below the 75% threshold.
Free cash flow covers dividend
TTM FCF after dividends is $482M — FCF fully covers the payout.
No dividend cuts in 10+ years
1 dividend cut(s) in the last 10 years.
Positive earnings growth trend
Earnings per share have declined over the past 5 years.
10+ years of consecutive growth
Only 0 consecutive year(s) of dividend growth.
FCF payout ratio below 70%
FCF payout ratio is 20.1%, below the 70% threshold.
Net Debt/EBITDA below 3x
Net Debt/EBITDA is 1.5x.
Dividend growth ≤ earnings growth (5Y)
Dividend growth (-9.9%) exceeds EPS growth (-14.3%) — payout ratio expanding.
This analysis is for informational purposes only and is not financial advice. Safety scores and comparisons reflect historical data and do not predict future performance.
Per-payment dividend history
226 payments from 1970 to 2026 · Adj. Dividend is split-adjusted
| May 22, 2026 | Jun 12, 2026 | $0.7800 | $0.7800 |
| Feb 13, 2026 | Mar 12, 2026 | $0.7800 | $0.7800 |
| Nov 14, 2025 | Dec 12, 2025 | $0.7300 | $0.7300 |
| Aug 25, 2025 | Sep 12, 2025 | $0.7300 | $0.7300 |
| May 23, 2025 | Jun 12, 2025 | $0.7300 | $0.7300 |
| Feb 14, 2025 | Mar 12, 2025 | $0.7300 | $0.7300 |
| Nov 15, 2024 | Dec 12, 2024 | $0.7000 | $0.7000 |
| Aug 26, 2024 | Sep 12, 2024 | $0.7000 | $0.7000 |
| May 23, 2024 | Jun 12, 2024 | $0.7000 | $0.7000 |
| Feb 15, 2024 | Mar 12, 2024 | $1.5100 | $1.2625 |
| Nov 16, 2023 | Dec 12, 2023 | $1.5000 | $1.2542 |
| Aug 18, 2023 | Sep 12, 2023 | $1.5000 | $1.2542 |
- May 22, 2026$0.7800
- Feb 13, 2026$0.7800
- Nov 14, 2025$0.7300
- Aug 25, 2025$0.7300
- May 23, 2025$0.7300
- Feb 14, 2025$0.7300
- Nov 15, 2024$0.7000
- Aug 26, 2024$0.7000
- May 23, 2024$0.7000
- Feb 15, 2024$1.5100
- Nov 16, 2023$1.5000
- Aug 18, 2023$1.5000
Historical dividend yield for 3M (MMM)
Mean trailing dividend yield using one ratio snapshot per calendar year.Mean yield1Y: 1.37%5Y: 4.12%10Y: 3.73%
Dividend per share for 3M (MMM)
CAGR (per year)1Y: -13.16%5Y: -9.90%10Y: -1.59%↓ Decelerating
| Year | Total ($/share) | Payments |
|---|---|---|
| 1970 | $0.07 | 3 |
| 1971 | $0.10 | 4 |
| 1972 | $0.10 | 4 |
| 1973 | $0.11 | 4 |
| 1974 | $0.13 | 4 |
| 1975 | $0.14 | 4 |
| 1976 | $0.15 | 4 |
| 1977 | $0.18 | 4 |
| 1978 | $0.21 | 4 |
| 1979 | $0.25 | 4 |
| 1980 | $0.29 | 4 |
| 1981 | $0.31 | 4 |
| 1982 | $0.33 | 4 |
| 1983 | $0.34 | 4 |
| 1984 | $0.36 | 4 |
| 1985 | $0.37 | 4 |
| 1986 | $0.38 | 4 |
| 1987 | $0.39 | 4 |
| 1988 | $0.44 | 4 |
| 1989 | $0.54 | 4 |
| 1990 | $0.61 | 4 |
| 1991 | $0.65 | 4 |
| 1992 | $0.67 | 4 |
| 1993 | $0.69 | 4 |
| 1994 | $0.74 | 4 |
| 1995 | $0.79 | 4 |
| 1996 | $1.81 | 5 |
| 1997 | $0.89 | 4 |
| 1998 | $0.92 | 4 |
| 1999 | $0.94 | 4 |
| 2000 | $0.97 | 4 |
| 2001 | $1.00 | 4 |
| 2002 | $1.04 | 4 |
| 2003 | $1.10 | 4 |
| 2004 | $1.20 | 4 |
| 2005 | $1.40 | 4 |
| 2006 | $1.54 | 4 |
| 2007 | $1.61 | 4 |
| 2008 | $1.67 | 4 |
| 2009 | $1.71 | 4 |
| 2010 | $1.76 | 4 |
| 2011 | $1.84 | 4 |
| 2012 | $1.97 | 4 |
| 2013 | $2.12 | 4 |
| 2014 | $2.86 | 4 |
| 2015 | $3.43 | 4 |
| 2016 | $3.71 | 4 |
| 2017 | $3.93 | 4 |
| 2018 | $4.55 | 4 |
| 2019 | $4.82 | 4 |
| 2020 | $4.92 | 4 |
| 2021 | $4.95 | 4 |
| 2022 | $4.98 | 4 |
| 2023 | $5.02 | 4 |
| 2024 | $3.36 | 4 |
| 2025 | $2.92 | 4 |
| 2026 | $1.56 | 2 |
Dividend growth for 3M (MMM)
Year-over-year change in total annual dividend per share (split-adjusted, by ex-dividend year). Green is an increase, red a cut.
The table shows 51 year-over-year increases across 55 calendar years of data (1971–2025).
Dividend Increase Track Record
Year-over-year change in total annual DPS (dividends per share, split-adjusted), based on ex-dividend date.
| 2026 | $2.9200 | — | — |
| 2025 | $3.3625 | $2.9200 | -13.2% |
| 2024 | $5.0167 | $3.3625 | -33.0% |
| 2023 | $4.9833 | $5.0167 | +0.7% |
| 2022 | $4.9498 | $4.9833 | +0.7% |
| 2021 | $4.9164 | $4.9498 | +0.7% |
| 2020 | $4.8160 | $4.9164 | +2.1% |
| 2019 | $4.5485 | $4.8160 | +5.9% |
| 2018 | $3.9298 | $4.5485 | +15.7% |
| 2017 | $3.7124 | $3.9298 | +5.9% |
| 2016 | $3.4281 | $3.7124 | +8.3% |
| 2015 | $2.8595 | $3.4281 | +19.9% |
| 2014 | $2.1238 | $2.8595 | +34.6% |
| 2013 | $1.9732 | $2.1238 | +7.6% |
| 2012 | $1.8395 | $1.9732 | +7.3% |
| 2011 | $1.7558 | $1.8395 | +4.8% |
| 2010 | $1.7057 | $1.7558 | +2.9% |
| 2009 | $1.6722 | $1.7057 | +2.0% |
| 2008 | $1.6054 | $1.6722 | +4.2% |
| 2007 | $1.5385 | $1.6054 | +4.3% |
| 2006 | $1.4047 | $1.5385 | +9.5% |
| 2005 | $1.2040 | $1.4047 | +16.7% |
| 2004 | $1.1037 | $1.2040 | +9.1% |
| 2003 | $1.0368 | $1.1037 | +6.5% |
| 2002 | $1.0034 | $1.0368 | +3.3% |
| 2001 | $0.9699 | $1.0034 | +3.4% |
| 2000 | $0.9364 | $0.9699 | +3.6% |
| 1999 | $0.9197 | $0.9364 | +1.8% |
| 1998 | $0.8863 | $0.9197 | +3.8% |
| 1997 | $1.8060 | $0.8863 | -50.9% |
| 1996 | $0.7860 | $1.8060 | +129.8% |
| 1995 | $0.7358 | $0.7860 | +6.8% |
| 1994 | $0.6940 | $0.7358 | +6.0% |
| 1993 | $0.6689 | $0.6940 | +3.8% |
| 1992 | $0.6522 | $0.6689 | +2.6% |
| 1991 | $0.6104 | $0.6522 | +6.8% |
| 1990 | $0.5435 | $0.6104 | +12.3% |
| 1989 | $0.4432 | $0.5435 | +22.6% |
| 1988 | $0.3888 | $0.4432 | +14.0% |
| 1987 | $0.3763 | $0.3888 | +3.3% |
| 1986 | $0.3658 | $0.3763 | +2.9% |
| 1985 | $0.3554 | $0.3658 | +2.9% |
| 1984 | $0.3449 | $0.3554 | +3.0% |
| 1983 | $0.3344 | $0.3449 | +3.1% |
| 1982 | $0.3135 | $0.3344 | +6.7% |
| 1981 | $0.2926 | $0.3135 | +7.1% |
| 1980 | $0.2508 | $0.2926 | +16.7% |
| 1979 | $0.2090 | $0.2508 | +20.0% |
| 1978 | $0.1777 | $0.2090 | +17.6% |
| 1977 | $0.1513 | $0.1777 | +17.4% |
| 1976 | $0.1411 | $0.1513 | +7.3% |
| 1975 | $0.1309 | $0.1411 | +7.8% |
| 1974 | $0.1097 | $0.1309 | +19.2% |
| 1973 | $0.1006 | $0.1097 | +9.0% |
| 1972 | $0.0968 | $0.1006 | +4.0% |
| 1971 | — | $0.0968 | — |
- 2026—
- 2025$2.9200
- 2024$3.3625
- 2023$5.0167
- 2022$4.9833
- 2021$4.9498
- 2020$4.9164
- 2019$4.8160
- 2018$4.5485
- 2017$3.9298
- 2016$3.7124
- 2015$3.4281
- 2014$2.8595
- 2013$2.1238
- 2012$1.9732
- 2011$1.8395
- 2010$1.7558
- 2009$1.7057
- 2008$1.6722
- 2007$1.6054
- 2006$1.5385
- 2005$1.4047
- 2004$1.2040
- 2003$1.1037
- 2002$1.0368
- 2001$1.0034
- 2000$0.9699
- 1999$0.9364
- 1998$0.9197
- 1997$0.8863
- 1996$1.8060
- 1995$0.7860
- 1994$0.7358
- 1993$0.6940
- 1992$0.6689
- 1991$0.6522
- 1990$0.6104
- 1989$0.5435
- 1988$0.4432
- 1987$0.3888
- 1986$0.3763
- 1985$0.3658
- 1984$0.3554
- 1983$0.3449
- 1982$0.3344
- 1981$0.3135
- 1980$0.2926
- 1979$0.2508
- 1978$0.2090
- 1977$0.1777
- 1976$0.1513
- 1975$0.1411
- 1974$0.1309
- 1973$0.1097
- 1972$0.1006
- 1971$0.0968
DPS sums split-adjusted amounts (adj. dividend) by ex-dividend calendar year—the same basis as the Adj. Dividend column in Dividend Payment History. The Dividend column can differ after stock splits. This table uses four decimals per annual total so the Change column matches the shown amounts; each payment row in Dividend Payment History also uses four.
Frequently asked questions
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