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

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The Dow Jones Industrial Average ( ^DJI) is trading up 10 points at 18,308 as of Tuesday, May 19, 2015, 10:36 a.m. ET. During this time, 76.4 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 363.5 million. The NYSE advances/declines ratio sits at 1,051 issues advancing vs. 1,838 declining with 206 unchanged.
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Wednesday, May 20, 2015 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 $1.02 per share. At a price of $163.43 as of 10:36 a.m. ET, the dividend yield is 2.5% compared to the average Dow component yield of 2.7%.

The average volume for 3M has been 2.2 million shares per day over the past 30 days. 3M has a market cap of $103.59 billion and is part of the industrial goods sector and industrial industry. Shares are down 0.9% 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 21.6, equal to the average industrial industry P/E ratio.
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