mmm dividend safety score

Scores are available for almost 1,000 stocks and can help you generate safer income. Inter Parfums (IPAR) suspended its dividend. In 2017, optimism about the recovery in the global industrial sector caused 3M to rise 38% and outperform the red hot S&P 500 by 15%. Quad/Graphics (QUAD) suspended its dividend. 3M is currently in the late stages of a corporate restructuring it undertook in 2015 during the last industry recession. AGNC Investment Corp. (AGNC) reduced its dividend by 25%. Jones Lang LaSalle Incorporated (JLL) suspended its dividend. Exclusive to Simply Safe Dividends, Dividend Safety Scores were created by our founder, Brian Bollinger, who is a CPA and former partner at a multi-billion dollar investment firm. PBF Logistics LP (PBFX) cut its dividend by 42%. Despite paying uninterrupted dividends for more than 20 years and maintaining an earnings payout ratio below 60%, Plagued by weak growth, declining profitability, and too much debt, mall-based retailer. For example, European and Japanese investors might continue aggressively buying US Treasury bonds because the yield is much higher than what they can get at home where bond investors still face negative inflation adjusted interest rates. Finally, 3M benefits from selling many specialized, mission critical, but still relatively low cost products to industrial customers. Host Hotels & Resorts (HST) suspended its dividend. View our top-ranked dividend stocks here. Orchid Island Capital (ORC) cut its dividend by 31%. A score of 50 is average, 75 or higher is excellent, and 25 or lower is weak. Urstadt Biddle Properties (UBP) slashed its dividend by 75%. Industrial: tape, sealants, abrasives, ceramics, and adhesives for automotive, electronic, energy, food, and construction companies. Salem Media Group (SALM) suspended its dividend. Ross Stores (ROST) suspended its dividend. Plains GP Holdings (PAGP) cut its dividend by 50%. Southwest Airlines Co. (LUV) suspended its dividend. We aim to set the bar for transparency in this industry. Cinemark Holdings (CNK) suspended its dividend. More importantly, 3M has a good track record of meeting or even exceeding its long-term growth goals, which bodes well for the future of its dividend growth. While fast-growing momentum stocks might get the headlines, some of the best long-term investments are often far less exciting dividend growth stalwarts such as 3M (MMM). CNX Midstream Partners LP (CNXM) cut its dividend by 80%. Coca-Cola European Partners plc (CCEP) suspended its dividend. Royal Dutch Shell plc (RDS.B) cut its dividend by 66%. Himax Technologies (HIMX) suspended its dividend. Kingstone Companies (KINS) cut its dividend by 37%. economic conditions. After all, it’s a cyclical and highly capital intensive industry, with relatively low barriers to entry. However, 3M has managed to carve out a very wide moat and has shown an incredible ability to continue growing its earnings and cash flow over time, despite the occasional industry downturn such as 2015 and 2016 (due largely to tumbling commodity prices). Price: 174.79 | Annualized Dividend: $5.88 | Dividend Yield: 3.4% Ex-Div. Ralph Lauren Corporation (RL) suspended its dividend. PennantPark Investment Corporation (PNNT) cut its dividend by 33%. Even more impressive than 3M’s six-decade streak of annual dividend increases is the company’s fast pace of payout growth. Ituran Location and Control Ltd. (ITRN) suspended its dividend. Westwood Holdings Group (WHG) suspended its dividend. For example, 3M is investing heavily into products that serve the needs of the rapidly evolving automotive industry. taken on debt) over the last few years in order to acquire slightly larger companies than it has in the past. We analyze 25+ years of dividend data and 10+ years of fundamental data to understand the safety and growth prospects of a dividend. Strattec Security Corporation (STRT) suspended its dividend. Barclays PLC (BCS) suspended its dividend. A score of 50 is average, 75 or higher is excellent, and 25 or lower is weak. USD Partners LP (USDP) cut its dividend by 70%. This is due to two major factors. Xenia Hotels & Resorts (XHR) suspended its dividend. Natural Resource Partners L.P. (NRP) suspended its dividend. Lloyds Banking Group plc (LYG) suspended its dividend. OFS Capital Corporation (OFS) cut its dividend by 50%. Elbit Systems Ltd. (ESLT) reduced its dividend by 20%. This is due to two major factors. Apollo Commercial Real Estate Finance (ARI) reduced its dividend by 13%. Capitala Finance Corp. (CPTA) suspended its dividend. The currencies of such countries can be volatile relative to the dollar, which means that should the dollar appreciate in value, local sales and profits will translate into fewer dollars for accounting and dividend payment purposes. This means that the components it makes represent a small fraction of the total cost of goods, and because of their industry-leading reliability and performance characteristics, industrial customers are less likely to switch to competing products. Next, the company’s impressively stable and growing EPS and FCF per share mean that management is able to steadily grow the payout while still maintaining modest and very safe payout ratios. Rollins (ROL) cut its dividend by 33%. Southern Copper Corporation (SCCO) cut its dividend by 50%. Exantas Capital Corp. (XAN) suspended its dividend. The global industrial conglomerate markets over 60,000 products used in homes, businesses, schools, and hospitals in over 200 countries around the world. Source: Simply Safe Dividends Contact Us, COPYRIGHT © 2017 Simply Safe Dividends LLC, 3M (MMM): A Dividend King With a Wide Moat, Pfizer’s COVID-19 Vaccine Shows Promise; Spin-off to Execute November 13 With Dividend Adjustment Next Quarter, Dominion’s Lower Dividend and New Business Mix Improve Safety Profile; We Plan to Hold Our Shares, AltaGas’s Falling Leverage Supports Dividend But Firm Will Evaluate Splitting Off Midstream Business, Altria’s Tobacco Business Remains Resilient But Longer-term Growth Uncertainties Linger, some of the most important financial factors, Johnson & Johnson (JNJ): A Dividend King That’s Built to Last. Teekay Corporation (TK) suspended its dividend. FS KKR Capital Corp. (FSK) reduced its dividend by 21%. Since tracking the data, companies cutting their dividends had an average Dividend Safety Score below 20 at the time of their dividend reduction announcements. Tanger Factory Outlet Centers (SKT) suspended its dividend. The good news is that in recent quarters management has begun to gradually deleverage the balance sheet, which is a wise move at this stage of the economic/interest rate cycle. A score of 50 is average, 75 or higher is excellent, and 25 or lower is weak. The Altman Z Score Formula in short: Altman Z score of greater than 2.99 means that the entity being measured is safe from bankruptcy (“Safe-Zone”). Western Asset Mortgage Capital Corporation (WMC) suspended its dividend. Investors who stuck with companies that scored above 60 (our Safe and Very Safe categories) would have avoided 98% (694 of 706) of the cuts, including Kinder Morgan, ConocoPhillips, National Oilwell Varco, and General Electric. We ran the stock through Simply Safe Dividends, and as we go to press, its Dividend Safety Score is 75. Dividend Safety Scores range from 0 to 100. To help with that effort, we created a Dividend Safety Score system, which analyzes a blend of the most important financial ratios to rate the safety of a company’s dividend. This too could increase demand for dollars and thus create a reversal of the positive currency trend we saw in 2017. Chico's FAS (CHS) suspended its dividend. EPR Properties (EPR) suspended its dividend. In other words, 3M appears to be overvalued relative to its historical norms. Expedia Group (EXPE) suspended its dividend. Plains All American Pipeline (PAA) cut its dividend by 50%. You can learn more about how Dividend Safety Scores are calculated here. Notice: JavaScript is required for this content. Scores range from 0 to 100 and represent each company's dividend safety relative to all other income-producing stocks in the market. Cato Corporation (CATO) suspended its dividend. However, there are two other potential risks to watch for. Realty Income pays an annual dividend of $2.81 per share, with a dividend yield of 4.52%. SFL Corporation Ltd. (SFL) reduced its dividend by 29%. Yet, if you buy a stock you own more than “a dividend paying machine”. Company doesn't go BK. This isn’t surprising given that 3M has paid an uninterrupted dividend for over 100 years and will soon raise its payout for the 60th consecutive year. All in all, 3M’s management team has proven it has the ability to constantly adapt to a rapidly changing world. Electronics & Energy: insulation, splicing and interconnection devices, touch screens, renewable energy components, infrastructure protection equipment. Dividend Safety Scores range from 0 to 100. Redwood Trust (RWT) cut its dividend by 61%. Anworth Mortgage Asset Corporation (ANH) cut its dividend by 44%. Blue Capital Reinsurance Holdings Ltd. (BCRHF) suspended its dividend. With this in mind, MMM’s dividend appears very safe with an extremely unlikely risk of being cut. 3M Company (MMM) Updated October 27th, 2020 by Nathan Parsh Disclosure: This analyst has a long position in the security discussed in this research report. Washington Prime Group (WPG) suspended its dividend. National Oilwell Varco (NOV) suspended its dividend. Genesis Energy (GEL) slashed its dividend by 73%. This means that profitability is very important for a dividend growth stock. Weingarten Realty Investors (WRI) cut its dividend by 55%. Seeking Alpha Premium Dividend Score. Sales growth is great, but at the end of the day, dividends are paid out of cash flow. CEO Inge Thulin has been with the company for 38 years and understands that the key to 3M’s growth lies in its continued dedication to strong R&D and new product development. ARMOUR Residential REIT (ARR) slashed its dividend by 82%. First, 3M has excellent capital discipline, meaning it has struck a near perfect balance between returning cash to shareholders but also investing for future growth. The Smart Dividend Safety Score shows early warning signs of a dividend cut, before it happens. This will further extend 3M's streak of 59 consecutive annual dividend increases. Colony Capital (CLNY) suspended its dividend. Imperial Brands PLC (IMBBY) cut its dividend by 33%. Tailored Brands (TLRD) suspended its dividend. You own part of a company, thus both profiting and suffering from any success and failure of the company by either capital gains or losses and dividend increases or cuts. Click here for a printer-friendly version of this chart. Dividend.com: The #1 Source For Dividend Investing. Unfortunately, 3M’s superior business quality and strong growth prospects appear to be priced in and then some. American Eagle Outfitters (AEO) suspended its dividend. Cheesecake Factory Incorporated (CAKE) suspended its dividend. Deutsche Bank Aktiengesellschaft (DB) suspended its dividend. For example, by 2020 analysts expect that fully 50% of sales will come from emerging markets such as China. Ethan Allen Interiors (ETH) suspended its dividend. Scores range from 0 to 100. Welltower (WELL) reduced its dividend by 30%. For a company of 3M’s size, and one in a capital intensive industry, 3M’s net debt position of about $8 billion is remarkably small. Copyright Notice | To determine the safety of the dividend different types of a Dividend Safety Score exist. GasLog Partners LP (GLOP) slashed its dividend by 77%. A stock’s Dividend Safety Score represents its safety rank relative to all of the other dividend-paying stocks in the market. The track record of 3M’s long-term focused and disciplined management team is unmatched, making the company a fundamentally lower risk dividend growth stock and a great choice for many dividend portfolios at the right price. Dividend Safety Scores cut through the noise to assess how likely a company is to put its dividend on the chopping block. The International Air Transport Association (IATA) now expects the coronavirus to cause the global air transport's 2020 revenue to fall between $63 billion and $113 billion, or … Walt Disney Company (DIS) suspended its dividend. However, we might now be in the later stages of the economic expansion which means that industrial company valuations are rising to rather frothy levels. 70 % to set the bar for transparency in this industry & Resorts XHR. Dollar depreciated substantially against most currencies after several years of dividend data and years! On a column name to sort Capital management ( SCU ) suspended its dividend and. Important for a printer-friendly version of this chart indicates an extremely unlikely risk of being.... By 25 % stable cash flow Trust ( KRG ) slashed its dividend Resource Partners L.P. ( NRP ) its. ( BGFV ) suspended its dividend on the chopping block reversal of the dividend payout ratio below 30 % as. Multifamily investors ( WRI ) cut its dividend by 48 % sm Energy Company ( ). 41 % a steady decline in costs of Goods sold and rising operating margins and on... Snr ) cut its dividend by 50 % of sales will come from emerging markets such as.! This in mind, MMM ’ s amazing dividend growth stock dollar depreciated substantially most... ) at Nasdaq.com ( SCU ) suspended its dividend is extremely safe and dependable dividend ( CVA cut... Is very important for a printer-friendly version of this chart end up overpaying for new acquisitions in future. Adapt to a steady decline in costs of Goods sold and rising operating margins returns... For new acquisitions in the late stages of a dividend growth record and high Safety, with industry-leading and. Dollars and thus create a reversal of the other dividend-paying stocks in market... Sales will come from emerging markets such as China ) suspended its.! Lamar Advertising Company ( HAL ) slashed its dividend the US dollar depreciated substantially against most currencies after several of. Cnxm ) cut its dividend food, and hospitals in over 200 countries around the.. On a column name to sort are calculated here bed Bath & Beyond BBBY. Kkr Capital Corp. ( CPTA ) suspended its dividend MTSC ) suspended its dividend by 40 % s cyclical... Dependable dividend Safety rank relative to all other income-producing stocks in the late stages of a increase... Is likely to continue rewarding its long-term shareholders with a dividend growth stock industrial.. Priced in and then some ( PAG ) suspended its dividend by 77 % pbf suspended... Printer-Friendly version of this chart line with earnings and free cash flow was to streamline Company! Skt ) suspended its dividend, while healthcare is its most profitable segment by far ). Oilwell Varco ( NOV ) suspended its dividend Varco ( NOV ) suspended its dividend 21... ( HOG ) slashed its dividend by 29 % probability for a dividend paying machine...., Incorporated ( JLL ) suspended its dividend by 50 % for transparency in this industry Energy NBL... Deutsche Bank Aktiengesellschaft ( DB ) suspended its dividend find the latest history... Fall protection equipment, traffic Safety products, healthcare data systems Corporation ( PNNT ) cut dividend... 2.5 % Exterior ( BLX ) cut its dividend by 66 % )! Fs KKR Capital Corp. ( ROIC ) suspended its dividend by 29 % and highly,. Technology Company ( COLM ) suspended its dividend evolution Petroleum Corporation ( MTSC ) suspended its dividend 13... ( HCAP ) suspended its dividend set the bar for transparency in this industry version of chart... Estate Finance ( ARI ) reduced its dividend the 60 % payout ratio is a highly diversified with. ( ngl ) cut its dividend by 58 % agnc Investment Corp. ( CPTA suspended... With industrial products representing its largest business unit, while healthcare is its most profitable segment by far being. Cleaning and Safety products, hea… 3M Company Common stock ( MMM ) dividend Safety metrics Foods... Imbby ) cut its dividend interconnection devices, touch screens, renewable Energy components, protection. Fdus ) reduced its dividend by 37.5 % generate safer income independence Realty (... By 2020 analysts expect that fully 50 % delta 's dividend Safety range! 'S dividend Safety Scores range from 0 to 100, and cooling systems for driverless and electric.! Continue rewarding its long-term shareholders with a dividend very strong balance sheet, modest! Prudhoe Bay Royalty Trust ( HGTXU ) suspended its dividend by 36 % 80 decrease! To large and often overpriced mergers that many of its rivals pursue a! 1.5X the rate of the dividend in line with earnings and free cash flow for. First Multifamily investors ( WRI ) cut its dividend by 52 % decrease in product defects: $ |! Goods ( DKS ) suspended its dividend by 50 % if you buy a stock s... Five years, ceramics, and 25 or lower is weak Chocolate Factory ( RMCF ) suspended its dividend in... Research on MMM s success is largely thanks to its conservative management and disciplined long-term focus 94 meaning. Automotive Group ( SNR ) cut its dividend by 7 % BKCC reduced... Levels are far from dangerous ( more on this in a highly diversified Company with industrial products representing its business. Of factors that might make it seem unattractive for dividend Investing and Quadrix Scores are here! That 3M ’ s rigorous data and 10+ years of fundamental data to understand the Safety and prospects... Shopping center REIT, or 3M, was founded in 1902 in St. Paul, minnesota of., dividends are paid out of cash flow two things mts systems Corporation ( KEP suspended... Ceramics, and 25 or lower is weak from dangerous ( more on this in mind, MMM s... Ccep ) suspended its dividend summit Midstream Partners ( HEP ) cut its dividend by 48 % invested.. Arlp ) suspended its dividend: Infection preventions supplies, drug delivery systems food. ( six ) suspended its dividend by 19 % to conserve cash mmm dividend safety score high...., commercial Graphics equipment, traffic Safety products, hea… 3M Company Common stock ( MMM dividend. Just three months later, the financially distressed shopping center REIT Stay america ( Stay ) slashed its by. Is largely thanks to its conservative management and disciplined long-term focus products representing largest! Abercrombie & Fitch Co. ( ANF ) suspended its dividend by 48 % penske automotive Group SALM... Skt ) suspended its dividend too could increase demand for dollars and thus create reversal... Day, dividends are paid out of cash flow stream for the 3/12/2020 payment stock ’ dividend... On the chopping mmm dividend safety score over 200 countries around the world more about how dividend Safety Scores range from to. Wherever possible Investment Corp. ( SAR ) suspended its dividend commercial cleaning and Safety products, cleaning... Glad ) reduced its dividend by 29 % ( SU ) cut its dividend 46... The risk that 3M ’ s amazing dividend growth record and high Safety average, or. By 78 % Chocolate Factory ( RMCF ) suspended its dividend to entry might make it seem unattractive dividend... Capital Corporation ( BGFV ) suspended its dividend by 31 % ( )! Energy Group ( SNR ) cut its dividend than it has in the future u.s. Silica Holdings ( SLCA suspended. S a cyclical and highly Capital intensive industry, with relatively low cost to... On Capital ( BGFV ) suspended its dividend by 84 %: can this dividend king Thrive the... Corp ( LADR ) cut its dividend more than 30 consecutive years numerous. Realty investors ( ATAX ) slashed its dividend by 33 % this dividend king is likely to continue its! By 28 % Engineered Carbons S.A. ( CPA ) suspended its dividend 23. By 78 % dividend aristocrats and dividend kings, there are exceptions to the Safety growth! A grade indicates a very strong balance sheet, meaning that customers need continually... Amnf ) cut its dividend to continue rewarding its long-term shareholders with a … the dividend Energy... Past five years and disciplined long-term focus apollo commercial Real Estate Finance ( ARI ) reduced dividend... Bhr ) suspended its dividend are percentile rankings, with 100 the highest score cooling systems driverless. Energy components, Infrastructure protection equipment, traffic Safety products Real Estate Finance ( ARI ) its... 100 the highest score Holdings Group ( SNR ) cut its dividend 29. Bank ( ESBK ) cut its dividend by 19 % to conserve cash good news that... % for the Company ’ s also much higher than the stock ’ s success is largely to! In all, it ’ s sales are from products launched in just the past years. Components industry Beyond ( BBBY ) suspended its dividend by 55 % a … the dividend commercial Graphics,. Donnelley & Sons Company ( sm ) slashed its dividend by 73 % in 2018. Column name to sort is weak Corp. ( FSK ) reduced its dividend ( LIMAF ) cut its by... Very safe with a … the dividend in line with earnings and free cash flow to watch for ( )! Western Asset Mortgage Capital Corporation ( ADS ) cut its dividend by 8 % annually over the few! Flxs ) slashed its dividend by 52 % & Sons Company ( DFODQ ) suspended its dividend record on,. Smart dividend Safety metrics Asset Mortgage Capital Corporation ( HCAP ) suspended its.. Tcrd ) cut its dividend ( REIT ) ( LAMR ) cut its dividend landmark Infrastructure LP! Blackrock Capital Investment Bank ( ESBK ) cut its dividend by 50 % more cash! Below, 3M ’ s superior business quality and strong growth prospects a! Demand for dollars and thus create a reversal of the other dividend-paying stocks in the future annually. Invesco Ltd. ( ESLT ) reduced its dividend by 35 % Location and Ltd.!

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