How To Earn $500 A Month From 3M Stock
Portfolio Pulse from Lisa Levin
3M Company (NYSE:MMM) has reached a settlement of $6.0 billion for the Combat Arms Earplug lawsuits, to be paid from 2023 to 2029. The company offers an annual dividend yield of 5.76%, which is $1.50 a share quarterly. To earn $500 monthly from 3M dividends, an investor would need to own approximately $104,120 worth of 3M, or 1,000 shares. The dividend yield can change as the dividend payment and the stock price fluctuate over time.
August 29, 2023 | 12:19 pm
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3M has settled a lawsuit for $6bn, to be paid from 2023 to 2029. The company offers a 5.76% annual dividend yield. To earn $500 monthly from dividends, an investor needs to own approx. $104,120 worth of 3M. Dividend yield can change as stock price and dividend payment fluctuate.
The news of the lawsuit settlement might have a negative impact on the stock price in the short term due to the large payout. However, the high dividend yield could attract income-focused investors, potentially offsetting any negative impact. The fluctuation of the dividend yield based on the stock price and dividend payment could also affect the stock price.
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