Dividend Increase #4 of 2020

3m-logo

On Tuesday February 4th the board of directors at 3M announced a 2% raise to the company’s dividend. This marks the 62nd consecutive year that 3M has raised it’s dividend. Due to the recent struggles of 3M this raise is a little on the low side but I think it was important to the company to maintain the streak of raises.

The new dividend is going up to $1.47 per share up from $1.44. 3M is a tiny holding for me at the moment, I have 10 shares. This raise will boost my quarterly income by $0.30 and annual income by $1.20.

Portfolio Raises In 2020

Stock Old Dividend New Dividend Forward Income
Canadian Utilities $0.4227 $0.4354 $7.92
Realty Income Corp $0.2275 $0.2325 $2.88
Canadian National Railway $0.5375 $0.5750 $2.24
3M Company $1.44 $1.47 $1.20
Total $14.24

If your a shareholder of 3M congrats on the raise πŸ™‚

Thanks for reading!

Matthew

4 thoughts on “Dividend Increase #4 of 2020

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