Hi everyone just wanted to share another raise with you that I received last night. On February 2nd 3M (ticker: MMM) announced a 1% increase to its dividend. This marks the 63rd consecutive year that 3M has raised the dividend. I must say I was expecting a bigger increase, it sounds like I’m not alone in this thinking when I check social media. However that being said after last year where I received 6 dividend cuts and no raises from my bank holdings I can accept this.
With this announcement 3M is increasing the dividend to $1.48 per share up from $1.47. I currently own 20 shares and so my quarterly income will rise by $0.20 and $0.80 annually.
Portfolio Raises in 2021
|Stock||Old Dividend||New Dividend||Forward Income|
|Canadian National Railway||$0.575||$0.615||$4.16|
If you own 3M congratulations on the raise!
Thanks for reading!