Dow Component 3M (MMM) To Go Ex-dividend Tomorrow

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model.

The Dow Jones Industrial Average (^DJI) is trading up 50 points (+0.4%) at 13,321 as of Tuesday, Aug 21, 2012, 10:35 a.m. ET. During this time, 143.1 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 661.9 million. The NYSE advances/declines ratio sits at 2,233 issues advancing vs. 611 declining with 121 unchanged.

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Wednesday, August 22, 2012 is the ex-dividend date for Dow component 3M (NYSE:MMM). Owners of shares as of market close today will be eligible for a dividend of 59 cents per share. At a price of $94.01 as of 10:35 a.m. ET, the dividend yield is 2.5% compared to the average Dow component yield of 2.8%.

• See our dividend calendar or top-yielding stocks list.

The average volume for 3M has been 2.9 million shares per day over the past 30 days. 3M has a market cap of $63.32 billion and is part of the conglomerates sector and conglomerates industry. Shares are up 15.3% year to date as of Monday's close.

3M Company operates as a diversified technology company worldwide. The company has a P/E ratio of 15.4, above the average conglomerates industry P/E ratio of 15 and below the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates 3M as a buy. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, notable return on equity, expanding profit margins, growth in earnings per share and increase in stock price during the past year. We feel these strengths outweigh the fact that the company shows weak operating cash flow.

• You can view the full 3M Ratings Report.

For more information on 3M Co click any of the following:

• 3M Co Stock Price

• 3M Co Analyst Ratings

• 3M Co Key Stats & Profile

• 3M Co Earnings

• 3M Co Ratio Comparison

• 3M Co Growth Rates

• 3M Co Balance Sheet

• 3M Co Cash Flow

• 3M Co Income Statement