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MMM Dividend Calculator: Project 3M Dividend Income

3M is a diversified industrial company that long appeared on dividend-aristocrat lists — until it cut its payout in 2024 alongside the Solventum health-care spin-off and legal settlements. The current dividend is smaller relative to the share price than it once was.

For income investors, MMM is now a case study in dividend risk rather than a set-and-forget holding. The remaining payout is supported by industrial cash flows, but the recent history argues for checking payout coverage before relying on it.

Use this calculator to project MMM income and stress-test the numbers yourself: adjust the yield and growth assumptions to see what happens if the payout changes again.

Run MMM in the calculatorCompare dividend ETFs

Data as of September 27, 2026 · Sources: Yahoo Finance and company filings.

Share price
$169.55
Dividend yield (TTM)
1.84%
TTM dividend / share
$3.07
Distribution frequency
Quarterly
Payout ratio
54%
Market cap
$87.4B
How much MMM do you need for your income goal?

Capital required at the current 1.84% yield, before taxes and before accounting for future dividend growth or reinvestment.

Monthly incomeAnnual incomeCapital requiredApprox. shares
$500/month$6.0K$326.1K1,924
$1,000/month$12.0K$652.2K3,847
$2,000/month$24.0K$1.3M7,693
$3,000/month$36.0K$2.0M11,540
$5,000/month$60.0K$3.3M19,233
$10,000/month$120.0K$6.5M38,465

Estimates only. Yield, share price, and distributions change over time. Use the full calculator to model monthly contributions, dividend growth, taxes, and reinvestment.

How long to reach your MMM income goal?

Years until projected dividend income first reaches each target, starting from zero with every distribution reinvested. Assumes today's 1.84% yield and dividend growth consistent with the fund's record; taxes and withdrawals are excluded.

Monthly contribution$500/month$1,000/month$2,000/month$5,000/month
$250/month60+60+60+60+
$500/month60+60+60+60+
$1,000/month60+60+60+60+

Projections assume a constant yield, dividend growth consistent with the holding's recent record, no price changes beyond its recent trend, and full reinvestment. Actual results will differ. Dividend income is shown before taxes.

Who MMM is for
  • Investors comfortable with a turnaround-style industrial holding
  • Income portfolios that can tolerate payout uncertainty
  • Investors who want to model conservative scenarios explicitly
  • Value-oriented investors willing to research legal and spin-off overhangs
Trade-offs to understand
  • The dividend was cut in 2024 — a recent reminder of payout risk
  • Ongoing litigation costs can compete with shareholder returns
  • Weaker growth profile than consumer-staples or health-care peers

About 3M Company

3M Company provides diversified technology services in the America, the Asia Pacific, Europe, the Middle East, Africa, and internationally. It operates through three segments: Safety and Industrial, Transportation and Electronics, and Consumer. The Safety and Industrial segment provides industrial abrasives and finishing for metalworking applications; autobody repair solutions; industrial specialty products, such as personal hygiene products, masking, and packaging materials; electrical products and materials for construction and maintenance, power distribution, and electrical original equipment manufacturers; structural adhesives and tapes; respiratory, hearing, eye, and fall protection solutions; and natural and color-coated mineral granules for shingles. The Transportation and Electronics segment provides ceramic solutions; attachment and bonding, films, sound, and temperature management for transportation vehicles; format graphic films for advertising and fleet signage; reflective signage for highway and vehicle safety; light management films and electronics assembly solutions; chip packaging and interconnection solutions; semiconductor production materials; and data center solutions. The Consumer segment offers cleaning products for the home; consumer air quality products; picture hanging accessories; retail abrasives, paint accessories, and safety products; stationery and office products; automotive appearance products; and consumer bandages, tapes, braces, and supports. It serves automotive; commercial solutions; consumer markets; design and construction; electronics; energy; government; manufacturing; safety; transportation industries. The company offers its products through e-commerce and traditional wholesalers, retailers, jobbers, distributors, channel partner, and dealers, as well as directly to users. 3M Company was founded in 1902 and is headquartered in Saint Paul, Minnesota.

MMM key facts
MetricValue
Company3M Company
SectorIndustrials
IndustryConglomerates
TickerMMM
Share price$169.55
Dividend yield (TTM)1.84%
Annual dividend / share$3.12
TTM distributions / share$3.07
Payout ratio54%
Distribution frequencyQuarterly
Market cap$87.4B

Figures are the latest available and change with price and company reporting. The payout ratio is omitted when reported earnings distort it above 120% — common for REITs and companies with large one-off charges. Historical performance is not a forecast.

MMM dividend history and payout schedule
TTM / share
$3.07
Yield (TTM)
1.84%
Annual growth
-11.4%
Pays in
February, May, August, November
Payment datePer share
August 24, 2026$0.78
May 22, 2026$0.78
February 13, 2026$0.78
November 14, 2025$0.73
August 25, 2025$0.73
May 23, 2025$0.73
February 14, 2025$0.73
November 15, 2024$0.70

Annual growth compares the latest twelve months of distributions with the twelve months ending four years earlier and is not a forecast. Past distributions can be reduced or suspended.

MMM frequently asked questions

MMM yields about 1.84% per year on a trailing basis at $169.55 per share. The yield reflects the reset payout introduced in 2024, so it is no longer comparable to 3M's historical distribution.

At a 1.84% yield, $12,000 per year requires roughly $652.2K, or about 3,847 shares at $169.55. Because the payout was recently reset, treat this as a snapshot rather than a stable target.

3M distributes quarterly, recently in February, May, August, November. The trailing twelve-month distribution totals about $3.07 per share. Reinvestment is available at most brokers.

3M cut its dividend in 2024 after spinning off its health-care business and absorbing major legal settlements. The company still generates substantial industrial cash flow, but the recent cut is the clearest evidence that the payout carries risk. Review current coverage before relying on it.

Comparing the latest twelve months of distributions with the twelve months ending four years earlier, the per-share payout has changed by roughly -11.4% per year. That figure includes the 2024 reduction, so it illustrates why growth streaks are not permanent.

3M's distributions are generally qualified dividends, taxed at long-term capital gains rates in taxable accounts. Holding MMM in a retirement account removes the annual tax drag. Confirm your own situation with a tax professional.

Starting from zero, $500 a month does not reach $1,000 in monthly dividend income within 60 years at MMM's current yield and dividend growth assumptions. A larger contribution, a higher-yielding holding, or a longer horizon would be needed — model your own assumptions in the calculator above.
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Disclaimer: This page is for educational purposes only and is not financial, investment, or tax advice. Data is sourced from Yahoo Finance and company filings and may be delayed or contain errors. Dividends are not guaranteed and can be reduced or suspended. Past performance is not indicative of future results. Always consult a qualified advisor before making investment decisions.