M Co. plans to slash its dividend, ending more than six decades of boosting the payout each year as it enters a new era following the spinoff of its health-care products division.

M beats revenue expectations in Q1, shows improved organic sales growth and margin, but a possibility of dividend cut lingers. See why MMM stock is a strong sell.

Shares of 3M (MMM) are trading higher on Tuesday morning as the company announced it will cut its dividend following the April 1 spinoff of its healthcare segment, Solventum Corp. CEO Mike Roman claims that the decision to cut dividends comes from a "resetting" for the company.

Dividend aristocrat 3M will soon join the commoners, after the company indicated it would cut its dividend following the spin off of its healthcare division. The materials manufacturer had increased i

J.P. Morgan analyst Stephen Tusa bumped the company's shares from Hold. His price target went up $1 to $111 a share.