Disclosure long LEG, TIF, O
Today I joined the dividend bandwagon buying two shares of MMM for 166.50 per share. 3M has 60 years of dividend growth and a payout ratio of 56.1 percent. I'll take the discount and the 3.45 percent yield.
There are some concerns with the company and its overall growth potential. But that is why I love buying long on short term bad news.
Disclosure: Long MMM
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October has always been a rough month for me for dividends. However, led by my first Leggett & Platt dividend there was some significant...