Stock investors who want to receive $2,000 per month in dividend payments first have to do some quick math. A dividend portfolio with stocks valued at $480,000 yielding 5% overall would produce $24,000 in annual dividends. I’ll use that yield as our threshold for the basis of this article. In fact, the stocks discussed below all have yields above 5% meaning a lower value portfolio would produce that return. Generally speaking, a 5% dividend is near the upper bound for risk. Rates higher than that tend to be ...

3M Company (MMM) shares soared 5.4% in the last trading session to close at $104.07. The move was backed by solid volume with far more shares changing hands than in a normal session. This compares to the stock's 6.5% gain over the past four weeks.3M’s rally is primarily driven by optimism over the strong momentum in its advanced materials, commercial solutions and auto original equipment manufacturer businesses. Backed by strength across its businesses, the company recently raised its earnings guidance for ...

The current quarter is looking better than expected at 3M (MMM 5.42%). The revised guidance has investors feeling good about the company, sending shares up 5% on Thursday.Earnings tick up on spin-off related benefitsIt has been a rough time for 3M shareholders. The stock has lost nearly half of its value over the past five years due to concerns about litigation against the company, sluggish markets, and talk of corporate bloat.But 3M hopes to get a fresh start in 2024. The company recently named a new CEO a ...

3M Company (NYSE:MMM) J.P. Morgan 2024 Industrials Conference March 13, 2024 7:15 AM ET Company Participants Mike Roman - Chairman & Chief Executive Officer Monish Patolawala - President & Chief Financial Officer Conference Call Participants Stephen Tusa - JPMorgan Stephen Tusa All right. Great. Kicking off day two here bright and early 7:15, so glad to see everybody here. Very happy to have Mike and Monish from 3M with us. Mike is going to make a few opening remarks, and then we'll jump right into Q&A. So ...

Group 1 - 3M has appointed Bill Brown as the new CEO, effective May 1, succeeding Michael Roman, who will become executive chairman [1][2] - The company's shares rose nearly 7% following the announcement, although they are down about 14% year-to-date due to ongoing lawsuits and declining demand [1] - 3M is facing a challenging macro environment, forecasting full-year earnings below Wall Street estimates [1][2] Group 2 - The electronics business of 3M has been significantly impacted by a slowdown in discretionary spending, particularly in China [2] - Bill Brown is recognized for his ability to drive margin and working capital efficiency, as well as for making bold strategic moves [2] - To address the demand slowdown, 3M is implementing a major restructuring plan that includes job cuts and the spinoff of its healthcare business [2] Group 3 - 3M has agreed to pay $6.01 billion from 2023 to 2029 to settle lawsuits related to its Combat Arms earplugs, which allegedly caused hearing damage to U.S. military personnel [3] - In June, 3M reached a tentative agreement to pay $10.3 billion to settle claims related to water pollution from "forever chemicals" [3]

Key takeawaysShares in 3M rose after the company said it had appointed William M. "Bill" Brown as its new chief executive officer.Brown, who was formerly CEO of aerospace and defense firm L3Harris Technologies succeeds Michael Roman, who will become 3M’s executive chairman.The transition comes as the industrial conglomerate weathers a series of legal challenges, with its shares losing more than half their value during Roman's CEO tenure. Shares in 3M Company (MMM) moved sharply higher Tuesday after the comp ...

Shares of 3M (MMM 3.90%) were popping today after the industrial conglomerate announced a surprise change in its leadership.The company, which makes everything from Scotch tape to medical equipment, said William Brown will be its new CEO, effective May 1, replacing Michael Roman, who will transition to the executive chairman position. Investors responded well to the news as 3M stock had struggled in recent years amid macroeconomic headwinds and two multibillion-dollar class action lawsuits.As of 10:39 a.m. ...

3M (MMM 5.27%) stock remains a battleground among bulls and bears. Barclays analyst Julian Mitchell, one of the better analysts in the industrial sector, is on the fence. He recently retained a "hold" rating on the stock and incrementally upgraded the price target to $111 from $110.The bull and bear casesWhile the price target change is no big deal, it still represents a near 19% premium to Monday's closing price and highlights the value case for the stock, which incoming CEO Bill Brown will try to unlock.T ...

William Brown appointed 3M Chief Executive Officer, Michael Roman appointed 3M Executive Chairman effective May 1, 2024 ST. PAUL, Minn., March 12, 2024 /PRNewswire/ -- 3M (NYSE: MMM) today announced that William M. "Bill" Brown is appointed chief executive officer, effective May 1, 2024. He succeeds Michael Roman, who is appointed to the role of Executive Chairman of the 3M Board of Directors, also effective May 1, 2024. "Bill's strong track record as a CEO for a global technology company makes him the righ ...

3M Company’s (MMM) board has approved the planned spin-off of its health care business into a separate public company.The spun-off entity will become a standalone company and be renamed as Solventum Corporation. It will begin regular-way trading on NYSE on Apr 1, 2024, under the ticker SOLV, while 3M will continue to trade under the ticker MMM.3M’s board has approved a distribution to the company’s shareholders of 80.1% of the outstanding shares of Solventum. The remaining 19.9% of outstanding shares of Sol ...