Should 3M Raise Its Dividend?

The following video is part of our "Motley Fool Conversations" series, in which industrials editor/analyst Brendan Byrnes discusses topics around the investing world.

In today's edition, Brendan discusses industrial conglomerate 3M, and whether the company should raise its dividend. 3M is one of the longest-tenured dividend aristocrats, having raised its dividend for a whopping 54 straight years. After 3M pulled in nearly $4 billion in free cash flow the past year, Brendan sees no signs of a slowdown. 3M does, however, offer a lower payout ratio than most of its competitors at 36%. That's because the company keeps a good amount of cash on hand and has spent a good amount on acquisitions over the past few years.

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At the time this article was published Brendan Byrnesand The Motley Fool have no positions in the stocks mentioned above.Motley Fool newsletter services recommend3M. Try any of our Foolish newsletter servicesfree for 30 days. We Fools don't all hold the same opinions, but we all believe thatconsidering a diverse range of insightsmakes us better investors. The Motley Fool has adisclosure policy.

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