3M: A Dividend Cut Is Needed To Boost Price Recovery

jetcityimage Overview The price has come down substantially on 3M and now has us all wondering if this makes for a good entry price. We've seen the price come down over 60% since the 2018 highs, but I still don't feel convinced that MMM deserves a spot in my portfolio. The weak earnings report, poor outlook for the next year, a bunch of lawsuits, and management's poor track history all make it very difficult to recommend MMM. The dividend payout has been sustainable at 65%, but I really do think the div ...