3M maintains composure within $96.36 to $97.44 range

Published: May 26 2023, 23:41 GMT+0

3M maintains composure within $96.36 to $97.44 range

A quick look at today: without a clear direction, 3M closed at $96.94 while ranging between $96.36 and $97.44.

  • Trading volume totalled 2.31 million which equates to around 80% of the stock's 21-day average today.
  • 3M's board sets quarterly dividend of $1.5 per share to be paid on Monday, June 12th; annual dividend yield esimated at 6.19%.

The opening bell in 3 days time follows today's session in which S&P 500 increased to 4,205.45, which is a 1.3% change. Dow Jones went up to 33,100, making a 1% change. 3M was flat today, while the Industrials sector was up 0.24%.

On a negative trend for around a month. So far this year, it has been doing worse than the Dow by 20.7%. The company has a market cap of $53.48 billion with an average daily volume of 2.89 million shares. 3M has a forecast of $7.49 billion with an EPS of $1.58.

3M disclosed a quarterly dividend of $1.5 per share on Tuesday, May 9th — to be paid on Monday, June 12th to all shareholders of record up until Friday, May 19th. The company's decision delivers 3M shareholders with an annual dividend yield of 6.19%.

Meanwhile, mixed performances were seen by other industrials stocks as Lockheed Martin added 1.27% to its value, and traded at $448.45. Boeing was up 1.37%. General Electric gained 1.2%, as it traded at $102.74.