Company: 3M Company (MMM)
*DRIP Club Members are able to acquire or list a share of a company on the DRIP Exchange Page.
Company Profile: 3M, a multinational conglomerate founded in 1902, sells tens of thousands of products ranging from sponges to respirators. The firm is well known for its extensive research and development capabilities, and it is a pioneer in inventing new use cases for its proprietary technologies. 3M is organized across three business segments: safety and industrial (representing around 44% of revenue), transportation and electronics (36%), and consumer (20%). The firm recently spun off its healthcare business, now known as Solventum. Nearly half of 3MÕs revenue comes from outside the Americas. -Morningstar.com-
Symbol: MMM
Recent Price: $124.25
Dividends: $2.80
Yield: 2.25%
Sector: Industrials
Industry: Conglomerates
Address & Company Phone #: 3M Center St. Paul MN 55144-1000, 651-733-1110
Transfer Agent: Equiniti Group plc. 800-401-1952
Moody’s Rating: A1
Minimum & Maximum Investment: $10 – $250,000/year
Investment Dates: Weekly
Shares to Qualify: 1 Share
Fees: Div.: $0 Cash: $0 Cert: $0 Sells: by Mail, Phone or Internet for $15+10¢/sh.
52 Week High & Low: $106.04, $71.36