As per 3M Company (NYSE:MMM)’s news release on 2016-08-10, its shareholders will get cash dividend of $1.11 per share. The recent press release updated on the record date and payout date, which stands at 2016-08-19 and 2016-09-12, respectively.
The stock will commence trading ex-dividend from 2016-08-17, until, which the shareholders are compelled to keep the holdings so as to qualify for the dividend. Evaluating the dividend distribution mode, it was noted that last year 3M Company (NYSE:MMM) disbursed $1.11 in dividend compared to distribution of $1.11, a year ago.
It highlights a sharp difference in cash payouts of the two years. This shows a major deviation of 19.883%.
The sell-side market professionals who track the firm’s financial and technical parameters have estimated 3M Company (NYSE:MMM) to attain a price target of $182.666. It is an average estimate figure given by 6 analysts tracking the stock. The estimates disclosed that the stock can move up on the chart and hit a high of $210. The low price range is set at $168 for next year while the arithmetic mean is seen at 2.94.
Eyeing Earnings 3M Company (NYSE:MMM) is likely to post quarterly numbers around 2016-10-27 for the quarter ending 2016-09-30. The quarterly EPS projection is set at $2.14 for the period ending on 2016-09-30.
In last quarter ended 2015-12-31, 3M Company (NYSE:MMM) earnings came at $2.08 suggesting a deviation of $0. The brokerages targeted EPS of $2.08 for the quarter.
1 Chart Pattern Every Investor Should Know
This little-known pattern preceded moves of 578% in ARWR, 562% in LCI, 513% in ICPT, 439% in EGRX, 408% in ADDUS and more...