Brixmor Property Group (BRX) suspended its dividend. A score of 50 is average, 75 or higher is excellent, and 25 or lower is weak. CNH Industrial N.V. (CNHI) suspended its dividend. Southwest Airlines Co. (LUV) suspended its dividend. Golub Capital BDC (GBDC) reduced its dividend by 12%. Estée Lauder (EL) suspended its dividend. Scores range from 0 to 100 with scores of 50 being average, scores of 25 or lower considered weak, and scores of 75 or higher considered excellent. Yet, if you buy a stock you own more than “a dividend paying machine”. CVR Energy (CVI) cut its dividend by 50%. Chimera Investment Corporation (CIM) cut its dividend by 40%. Orchid Island Capital (ORC) cut its dividend by 31%. GasLog Ltd. (GLOG) cut its dividend by 67%. In addition, most industrial products are highly commoditized, meaning that it’s hard to maintain strong pricing power and good margins over time. Lamar Advertising Company (REIT) (LAMR) cut its dividend by 50%. Xenia Hotels & Resorts (XHR) suspended its dividend. BG Staffing (BGSF) slashed its dividend by 83%. Dividend stocks “safety” can also be measured based on above-average market capitalizations and liquidity, balance-sheet strength (per their Altman Z-score). Second, rising US interest rates will likely make the US a more attractive investing location relative to other economies where interest rates remain far lower and aren’t likely to rise as quickly. Brinker International (EAT) suspended its dividend. Ralph Lauren Corporation (RL) suspended its dividend. However, we might now be in the later stages of the economic expansion which means that industrial company valuations are rising to rather frothy levels. Dine Brands Global (DIN) suspended its dividend. Notice: JavaScript is required for this content. B grade indicates a very low probability for a dividend cut. Medley Management (MDLY) suspended its dividend. Hugoton Royalty Trust (HGTXU) suspended its dividend. Harvest Capital Credit Corporation (HCAP) suspended its dividend. This means that this dividend king is likely to continue rewarding its long-term shareholders with a dividend increase into the future. This shows that 3M is dedicated to growing organically, rather than risking overpaying for big splashy deals to increase the top line at the risk of lowering overall profitability. While fast-growing momentum stocks might get the headlines, some of the best long-term investments are often far less exciting dividend growth stalwarts such as 3M (MMM). DXC Technology Company (DXC) suspended its dividend. Industrial: tape, sealants, abrasives, ceramics, and adhesives for automotive, electronic, energy, food, and construction companies. Dividend Safety Scores range from 0 to 100, and conservative dividend investors should stick with firms that score at least 60. Wendy's Company (WEN) cut its dividend by 50%. Dynagas LNG Partners LP (DLNG) suspended its dividend. Gladstone Capital Corporation (GLAD) reduced its dividend by 7%. BP Prudhoe Bay Royalty Trust (BPT) suspended its dividend. Barclays PLC (BCS) suspended its dividend. Genesis Energy (GEL) slashed its dividend by 73%. It’s also much higher than the stock’s historical median of 16.7. A score of 50 is average, 75 or higher is excellent, and 25 or lower is weak. In fact, in the past five years, 3M has only purchases six small firms and divested $1.4 billion in underperforming non-core assets, making for net acquisitions of just $4.2 billion in that time. This means that many companies will need to convert foreign currency cash reserves into dollars, increasing the demand for the greenback relative to other currencies. GasLog Partners LP (GLOP) slashed its dividend by 77%. The Smart Dividend Safety Score shows early warning signs of a dividend cut, before it happens. For example, 3M’s forward P/E ratio of 24.5 is not only much greater than the S&P 500’s lofty 18.4, but also above the industry median of 23.1. 3M Company (MMM) Dividend summary: yield, payout, growth, announce date, ex-dividend date, payout date. In addition, with interest rates potentially rising, 3M’s borrowing costs are likely to rise over time as it refinances older bonds and continues to gradually take on new debt each year (about $2 billion expected in 2018). EnLink Midstream (ENLC) cut its dividend by 50%. Now the good news is that 3M’s debt levels are far from dangerous (more on this in a moment). 3M has also proven its ability to successfully enter and win market share in emerging economies, which are growing at double the rate of mature, developed markets. My assumptions were: 1. The good news is that in recent quarters management has begun to gradually deleverage the balance sheet, which is a wise move at this stage of the economic/interest rate cycle. Below is a complete list of all 706 dividend cuts recorded since our scoring system's inception in 2015, as well each company's Dividend Safety Score before the cut was announced. economic conditions. Chico's FAS (CHS) suspended its dividend. Since tracking the data, companies cutting their dividends had an average Dividend Safety Score below 20 at the time of their dividend reduction announcements. Unique Fabricating (UFAB) suspended its dividend. Dividend.com: The #1 Source For Dividend Investing. Our Dividend Safety Score answers the question, “Is the current dividend payment safe?” We look at some of the most important financial factors such as current and historical EPS and FCF payout ratios, debt levels, free cash flow generation, industry cyclicality, ROIC trends, and more. (TV) suspended its dividend. For example, 3M is investing heavily into products that serve the needs of the rapidly evolving automotive industry. Ethan Allen Interiors (ETH) suspended its dividend. Consumer Products: post-it notes, tape, sponges, construction & home improvement products, indexing systems, and adhesives. 3M has a Dividend Safety Score of 94, meaning its dividend is extremely safe and dependable. Domtar Corporation (UFS) suspended its dividend. For example, by 2020 analysts expect that fully 50% of sales will come from emerging markets such as China. Braemar Hotels & Resorts (BHR) suspended its dividend. However, there are two other potential risks to watch for. First, despite the negative effects of the oil crash in the last two years, 3M’s dividend remains very well covered by both earnings and free cash flow, as seen by its low payout ratios . Over the past 115 years, 3M has obtained over 100,000 patents thanks to one of the industry’s highest R&D budgets (as a percentage of revenue). Payout ratio calculation and chart. American Eagle Outfitters (AEO) suspended its dividend. Monroe Capital Corporation (MRCC) reduced its dividend by 29%. Electronics & Energy: insulation, splicing and interconnection devices, touch screens, renewable energy components, infrastructure protection equipment. 3M Company (MMM) Updated October 27th, 2020 by Nathan Parsh Disclosure: This analyst has a long position in the security discussed in this research report. MMM's dividend yield, history, payout ratio, proprietary DARS™ rating & much more! The International Air Transport Association (IATA) now expects the coronavirus to cause the global air transport's 2020 revenue to fall between $63 billion and $113 billion, or … Moelis & Company (MC) cut its dividend by 50%. Colony Capital (CLNY) suspended its dividend. In addition, 3M is rapidly gaining market share in data center cooling systems, which is an industry that is expected to grow strongly for decades. Salem Media Group (SALM) suspended its dividend. View our top-ranked dividend stocks here. We aim to set the bar for transparency in this industry. Psychemedics Corporation (PMD) suspended its dividend. With this in mind, MMM’s dividend appears Safe with a … Cantel Medical Corp. (CMD) suspended its dividend. Foresight Energy LP (FELPQ) suspended its dividend. For example, European and Japanese investors might continue aggressively buying US Treasury bonds because the yield is much higher than what they can get at home where bond investors still face negative inflation adjusted interest rates. Lloyds Banking Group plc (LYG) suspended its dividend. However, given the epic bull run the stock has had, 3M’s valuation is looking a bit rich, so waiting for a pullback before getting more serious seems prudent for investors looking to initiate a new position. Sculptor Capital Management (SCU) suspended its dividend. A score of 50 is average, 75 or higher is excellent, and 25 or lower is weak. 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