Why 3M Company (MMM) is One of the Top Dividend Stocks in the Industrial Sector

3M Company (NYSE:MMM) is included among the 13 Best Industrial Dividend Stocks to Buy Right Now.

The company encountered some difficulties last year, but following the spinoff of its healthcare division, it appears to be on the path to recovery. It reported solid earnings for the first quarter of 2025 and is steadily progressing on key operational objectives aligned with CEO Bill Brown’s turnaround plan.

3M Company (NYSE:MMM) posted revenue of $5.8 billion, which, though, fell by 28% on a YoY basis, beat analysts’ estimates by $50.7 million. The revenue showed an organic growth of 1.5% from the same period last year. In its earnings report, the company highlighted that it remains committed to strengthening its business fundamentals in the current dynamic environment, fostering a new performance-driven culture, and advancing its strategic priorities, all while making the most of its broad global network and strong presence in the US.

3M Company (NYSE:MMM) currently offers a quarterly dividend of $0.73 per share. The company has raised its payout just once after slashing it by 50% last year. However, it has remained committed to its shareholder return, paying $1.7 billion to investors through dividends and share repurchases in the most recent quarter. The stock has a dividend yield of 1.87%, as of July 13.

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Disclosure: None.