5 Reasons 3M Stock is a Buy for Dividend Investors
Investors were understandably nervous when 3M (NYSE: MMM) reported third-quarter earnings as the market has been particularly volatile this year, but the report was actually pretty good under the circumstances. There are some good underlying signs of improvement in the business, and the company is more investable as a consequence. The company may not be firing on all cylinders just yet, but the stock offers a compelling investment option. Here are the five key reasons why.
After a few years of doing precisely the opposite, it was good to see the company start to exceed its own guidance. Specifically, sales and operating margin came in better than expected. It's a development that investors should welcome, and hopefully, it will be the start of a trend.
3M looks favorable valued on a risk-reward basis. Image source: Getty Images.
Source Fool.com
