Will 3M's High-Yielding Dividend Face the Same Fate as Walgreens' Once-Mighty Payout?

This year marked the end of an era for Walgreens Boots Alliance (WBA -0.68%). The pharmacy and retail giant slashed its dividend by 48% to start this year, ending a streak of 47 straight years of increases. Before that reduction, the company had one of the highest dividend yields in the S&P 500 at around 7.5%. Walgreens' decision to throw in the towel on its long-standing dividend growth streak might make 3M (MMM 1.24%) investors nervous. The industrial giant also pays a big-time dividend (currently yieldin ...