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

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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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