Where Will 3M Stock Be in 3 Years?
3M (NYSE: MMM) was once a dependable dividend stock for conservative investors. The diversified conglomerate sold a broad range of industrial, worker safety, and consumer goods, and it was a dividend King that consistently raised its dividend annually for more than 50 years. It's also been in the S 500 since the index's inception in 1957.
But over the past three years, 3M's stock declined about 12% as the S&P 500 rose 25%. It struggled with sluggish sales and faced grueling recalls and lawsuits. It also dropped out of the Dividend King club in 2024 after it cut its payout and spun off its healthcare unit as Solventum (NYSE: SOLV). Let's see if this unloved stock can bounce back over the next three years.
Image source: 3M.
Source Fool.com
