Should You Buy 3M While It's Below $110?
As a Dividend King, industrial giant 3M (NYSE: MMM) has increased its dividend annually for more than half a century. That's an incredible track record to go along with the stock's historically high 5.5% dividend yield. But don't jump just yet -- there's more you need to know before you buy this stock. In fact, even getting in while the stock is still below $110 per share may not be as attractive as you might think.
While the S&P 500 Index rallied at the end of 2023 and into 2024, so, too, did 3M's stock. In fact, over the past three months, 3M's shares are up roughly 25%, compared to a 15% or so gain for the S That's a pretty impressive showing for 3M, and investors might wonder if there's still time to get in.
Image source: 3M.
Source Fool.com
