3M Says Following The Spin Of Solventum, 3M's Dividend Payout Ratio Is Expected To Be Approximately 40% Of Adjusted Free Cash Flow
Portfolio Pulse from Benzinga Newsdesk
3M announced that after the spin-off of Solventum, its dividend payout ratio is expected to be around 40% of its adjusted free cash flow.
April 30, 2024 | 10:41 am
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3M's announcement of a dividend payout ratio of approximately 40% of adjusted free cash flow following the spin-off of Solventum indicates a strategic financial planning move.
The announcement of a specific dividend payout ratio post-spin-off suggests 3M's confidence in its financial stability and commitment to returning value to shareholders. This clarity may positively influence investor sentiment, potentially leading to a favorable short-term impact on 3M's stock price.
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