3M share: Positive trend despite dividend cut ()

The 3M share has been robust in recent weeks and is currently trading at EUR 122.42. Despite a recently announced dividend cut for the 2024 financial year to EUR 3.55, the share price rose by 0.34% last month. The annual performance is particularly impressive, with an increase of over 60%.

Outlook remains challenging

Analysts continue to see challenges ahead for the conglomerate. The expected P/E ratio of 18.56 for 2024 indicates a rather high valuation. It also remains to be seen how the reduced dividend yield of 3.81% will affect the attractiveness of the share. Nevertheless, 3M’s diversified business model and innovative strength continue to convince investors.

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3M: Buy or sell? Read more here…