3M Co Earns Recognition as Top Socially Responsible Dividend Stock
3M Co (Symbol: MMM) has been designated as a Top Socially Responsible Dividend Stock by Dividend Channel. This accolade highlights its commendable **”DividendRank”** statistics, featuring a competitive 2.0% dividend yield. Notably, the investment community recognizes the company as socially responsible based on a thorough evaluation of both social and environmental criteria. Environmental guidelines consider aspects like the impact of 3M’s products and services, alongside its efficiency in utilizing energy and resources. Social elements take into account factors such as human rights, child labor, corporate diversity, and societal impact, particularly concerning involvement in sectors like weapons, gambling, tobacco, and alcohol.
As reported by the ETF Finder at ETF Channel, 3M Co is included in the iShares MSCI USA ESG Select ETF (SUSA), constituting 0.85% of the fund’s total holdings. Additionally, it is part of the iShares MSCI KLD 400 Social Index Fund ETF (DSI), where it represents 0.30% of that fund’s holdings.
The company currently pays an annualized dividend of $2.92 per share, distributed in quarterly installments. The most recent dividend ex-date was on February 14, 2025. Below is a long-term dividend history chart for MMM, which the DividendRank report emphasizes as crucial for potential investors. Analyzing past dividend performance can provide insight into the likelihood of sustained future dividends.
3M operates within the Medical Instruments & Supplies sector, competing alongside firms like Abbott Laboratories (ABT) and Boston Scientific Corp. (BSX).
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The views and opinions expressed herein are those of the author and do not necessarily reflect those of Nasdaq, Inc.
