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

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

The Dow Jones Industrial Average ( ^DJI) is trading up 69 points (+0.4%) at 16,907 as of Tuesday, Aug 19, 2014, 10:36 a.m. ET. During this time, 61.9 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 301.6 million. The NYSE advances/declines ratio sits at 1,896 issues advancing vs. 961 declining with 212 unchanged.
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Wednesday, August 20, 2014 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 86 cents per share. At a price of $143.88 as of 10:36 a.m. ET, the dividend yield is 2.4% compared to the average Dow component yield of 2.6%.

The average volume for 3M has been 1.9 million shares per day over the past 30 days. 3M has a market cap of $91.96 billion and is part of the industrial goods sector and industrial industry. Shares are up 2.8% 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 20, equal to the average industrial industry P/E ratio.
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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, notable return on equity, expanding profit margins and solid stock price performance. We feel these strengths outweigh the fact that the company shows weak operating cash flow.

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