However, as a result of the spinoff, 3M said it will reset its dividend payout ratio to approximately 40% of adjusted free cash flow. This will result in a cut to its shareholder payout.
It’s official. 3M cut its dividend significantly. The materials company declared a dividend of 70 cents per share on Tuesday evening. That’s down from the prior quarter’s dividend of $1.51.
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But here's the thing: this dividend cut didn't come out of nowhere. 3M just finished spinning off its healthcare business, Solventum (SOLV), on April 1. And get this - that healthcare arm was ...
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But press the corner of that blank against the aluminum, or better yet grind it into a proper cutting edge, and the aluminum will easily yield. 3M’s Cubitron™ abrasive, ceramic chips ...