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3M: Time To Buy The Dip Of This Dividend King With Dividend Increase Expected This Month

Published Wed, 02 Jan 2019 19:37:08 -0500 on Seeking Alpha

3M (MMM), one of the largest manufacturers and distributors of industrial products spanning medical to automobile products, is a buy for the dividend growth investor and total return investor. 3M has steady growth and has plenty of cash, which it uses to buy bolt-on companies, increase the dividend each year, and buy back shares. The stock comprises 0.92% of The Good Business Portfolio, my IRA portfolio of good business companies that are balanced among all styles of investing.

When I scanned the five-year chart, 3M has a good chart going up and to the right in a steady, strong slope for four of the five years, with 2015 flat in a poor market. The recent downturn in 2018 provides a buying opportunity to buy a quality company at a discount.
MMM data by YCharts
Fundamentals of 3M will be reviewed on the following topics below.
The Good Business Portfolio Guidelines Total Return and Yearly Dividend Last Quarter's Earnings Company Business Takeaways Recent Portfolio Changes I use a set of guidelines that I codified over the last few years to review the companies in The Good Business Portfolio (my portfolio) and other companies that I am taking a look at. For a complete set of the guidelines, please see my article "The Good Business Portfolio: Update to Guidelines, August 2018." These guidelines provide me with a balanced portfolio of income, defensive, total return and growing companies that will hopefully keep me ahead of the Dow average.
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Stock name Last trade   P/E Earnings/Share Dividend/Share Dividend yield
OMEGA HEALTHCARE INVESTORS 37.36   28.3 1.32 2.64 7.18
EATON VANCE ENHANCED EQUITY INCOME FUND II 17.41   0.0 0.00 0.00 6.83
JOHNSON & JOHNSON 132.07   21.9 6.03 3.80 2.87
HOME DEPOT 214.44   21.6 9.92 5.44 2.50
BOEING 377.36   21.6 17.48 8.22 2.22
AMERISOURCEBERGEN 85.52   19.9 4.29 1.60 1.87
SIMULATIONS PLUS 34.23   0.0 0.00 0.24 0.75
VISA 180.53   37.3 4.84 1.00 0.56

OMEGA HEALTHCARE INVESTORS - OHI
OMEGA HEALTHCARE INVESTORS - OHI  


Older articles featuring Omega Healthcare Investors (OHI):
Omega Announces Quarterly Common Stock Dividend
This 7.4%-Yielding Portfolio Will Survive A 2008 Repeat
PepsiCo: Solid Hold For This Dividend Aristocrat With Good Income And Total Return
Omega Healthcare Investors Inc: This High Dividend Stock Yields 7%
Dividend Growth 50: Oh Deere Me, This Portfolio's Income Just Keeps Plowing Ahead
My Dividend Growth Portfolio: Q2 2019 Summary
My Dividend Growth Portfolio At The Half Year Mark
July Dividend Achiever Dogs For Dividend Longevity, Top Yields, And Growth
Becton, Dickinson: Dividend Aristocrat With Good Total Return
Global X SuperDividend REIT ETF: 8% Yield Comes With Higher Risk

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