The ex-dividend date for 3M (NYSE:MMM) is tomorrow, May 22, 2013. Owners of shares as of market close today will be eligible for a dividend of 64 cents per share. At a price of $111.99 as of 12:25 p.m., the dividend yield is 2.3%.
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. NEW YORK ( TheStreet) -- The ex-dividend date for 3M (NYSE: MMM) is tomorrow, May 22, 2013. Owners of shares as of market close today will be eligible for a dividend of 64 cents per share. At a price of $111.99 as of 12:25 p.m. ET, the dividend yield is 2.3%. The average volume for 3M has been 2.8 million shares per day over the past 30 days. 3M has a market cap of $76.88 billion and is part of the conglomerates sector and conglomerates industry. Shares are up 20.3% year to date as of the close of trading on Monday. 3M Company operates as a diversified technology company worldwide. The company has a P/E ratio of 17.6, 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 revenue growth, largely solid financial position with reasonable debt levels by most measures, solid stock price performance, expanding profit margins and good cash flow from operations. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. You can view the full 3M Ratings Report. See our dividend calendar or top-yielding stocks list. Exclusive Offer: Jim Cramer's 'go-to' small/mid-cap guru Bryan Ashenberg only buys stocks he thinks could return 50-100% See his top picks for 14-days FREE.