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It also slashed its dividend nearly in half. The cut comes as the struggling company also has a new CEO taking over, Stéphane de La Faverie, to help right the ship.
Once a Dividend King, 3M (NYSE: MMM) has cut its dividend. There are a number of reasons for the move, but there's one factor investors should pay particular attention to.
The S&P 500 Dividend Aristocrats is a stock market index composed of the companies in the S&P 500 index that have increased their dividends in each of the past 25 consecutive years. It was launched in May 2005.
After holding its dividend steady for a few years, the company began increasing the payout again in 2022. Its forward dividend yield now stands at 5.78%. ... The 10 stocks that made the cut could ...
Recently, the company has divested some assets and cut its dividend by nearly half as it focuses on 5G investments and paying down its heavy debt load. Dividend yield: 4.7 percent. Annual dividend ...
The REIT cut its dividend during the Great Recession and did not issue any dividends during the height of the pandemic. However, it reinstated its monthly dividend in early 2022 and has raised it ...
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