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|
|Realty Income Corp||$0.2275||$0.2325||$2.88|
|Canadian National Railway||$0.5375||$0.5750||$2.24|
If your a shareholder of 3M congrats on the raise 🙂
Thanks for reading!