How To Earn $500 A Month From 3M Stock Ahead Of Q4 Earnings Print
Portfolio Pulse from Avi Kapoor
3M Company (NYSE:MMM) is anticipated to release its Q4 earnings on Jan. 23, 2024, with expected earnings of $2.31 per share on revenue of $7.70 billion. The company recently won a $34.2 million award for improving traumatic wound treatments. 3M offers a 5.57% annual dividend yield, equating to $1.50 per share quarterly. To earn $500 monthly from dividends, an investment of approximately $107,760 is needed, while $21,552 would yield $100 monthly. Dividend yields vary with stock price and dividend changes. 3M's stock price closed at $107.76, up 1.2% on the last trading day.
January 22, 2024 | 1:38 pm
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3M is expected to report Q4 earnings with an EPS of $2.31 and revenue of $7.70 billion. The company's strong dividend yield of 5.57% is highlighted as a potential income source for investors. The stock closed up 1.2% recently.
The anticipation of 3M's Q4 earnings could lead to increased investor interest, potentially affecting the stock price positively in the short term. The high dividend yield is attractive to income-focused investors, which may support the stock price. The recent stock price increase indicates positive market sentiment ahead of the earnings release.
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