Industrial giant 3M has been buffeted by legal and regulatory issues. The company's legal problems got so bad that management needed to spin off its crown jewel medical assets to raise capital.

Monish Patolawala to leave 3M on July 31, 2024 ST. PAUL, Minn.

ST. PAUL, Minn. , July 8, 2024 /PRNewswire/ -- 3M (NYSE: MMM) today announced the following investor event: Second-quarter 2024 earnings conference call on Friday, July 26, 2024, at 8 a.m.

3M (MMM) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.

3M NYSE: MMM is turning a corner. The company wasn't hurt by ailing business so much as lawsuits related to legacy businesses that are now primarily in the past.

The healthcare spinoff and legal settlements helped to derisk the stock. New CEO William Brown has the financial firepower to restructure the company.

The industrial giant has been facing years of legal and regulatory headwinds. The company was forced to spin off a large division to raise the cash it needed to deal with the issues.

The investment thesis for the stock does not rely on its dividend. The recent dividend cut is a net plus for a company that needs restructuring.

Despite improvements in its business, the yield trap has been spring.

3M's turnaround will take time, but it has the cash resources to help it meet legal settlements. The current restructuring program appears to be generating margin expansion, and the new CEO has an ...

Solventum's main strategic priority is to repay debt following its separation from 3M. The business has consistently underperformed in its end markets, and a turnaround will take time.

Post-it maker 3M declared a dividend of 70 cents, down from the prior quarter's $1.51 payout.

3M's end markets appear to be improving in 2024. The Solventum spinoff raises cash, and the dividend cut frees up resources for the new CEO to invest in growth.

Dividend Aristocrats are a unique class of dividend stocks. They are companies that are members of the S&P 500 and have increased their payouts to shareholders for at least 25 years.

The way the market has been behaving lately—well, saying it is a minefield would be an understatement. Investors may have gotten—wrongfully—used to the easy money days of 2020-2022, when the Federa...