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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 37.43   26.7 1.40 2.64 7.15
EATON VANCE ENHANCED EQUITY INCOME FUND II 16.40   0.0 0.00 0.00 6.51
JOHNSON & JOHNSON 129.36   258.7 0.50 3.60 2.77
HOME DEPOT 177.89   19.4 9.16 4.12 2.37
AMERISOURCEBERGEN 76.31   10.2 7.51 1.60 2.08
BOEING 350.36   20.4 17.13 8.22 1.94
SIMULATIONS PLUS 19.34   0.0 0.00 0.24 1.20
VISA 137.34   31.1 4.41 1.00 0.72

OMEGA HEALTHCARE INVESTORS - OHI
OMEGA HEALTHCARE INVESTORS - OHI  


Older articles featuring Omega Healthcare Investors (OHI):
Omega Announces Quarterly Common Stock Dividend and Schedules Fourth Quarter Earnings Release Date and Conference Call
LTC Properties: A Monthly-Paying SWAN Yielding 5.5%
Small-Cap Dividend Stocks: 5 “Dividend Prospects” Yielding Up to 7.5%
5 Great Dividend Picks To Start Off 2019
Dividend Growth 50: More In Year 4, With Income Up 10% - Part 2
Philip Morris International: Great High Dividend Income Yield Of 6.7% With An Inelastic Priced Product
My Dividend Growth Portfolio Closes Out 2018
The Most Undervalued And Overvalued Dividend Contenders - January 2019
5%+ Dividend Yield Portfolio: Beating The Market 2 Of The Last 3 Years (December 2018 Review)
My Dividend Growth Portfolio - Q4 2018 Summary

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