The conglomerate may have too much on its plate, and its marketing edge may be gone, making MMM stock a risky bet
There’s no denying 3M (NYSE:MMM) stock is, despite all of
its woes, still a dividend champ. With February’s increased payout now on the
books, the annual payout of 3M stock has climbed for 61 consecutive years. And,
with a dividend of $5.76 per share of 3M stock scheduled for 2019, there’s tons
of wiggle room for 3M, since analysts, on average, are calling for full-year
earnings of $9.40 per share.
But even with 3M stock price beaten down to near $173 and
MMM stock yielding 3.26%, the shares aren’t appealing. This company’s got
problems, and its China headwind may be the least of them.
The foremost challenge facing 3M stock may be its
ultra-diversified business model itself, followed closely by waning loyalty
towards its brand.
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