Will 3M's High-Yielding Dividend Face the Same Fate as Walgreens' Once-Mighty Payout?
The Motley Fool
JANUARY 21, 2024
Before that reduction, the company had one of the highest dividend yields in the S&P 500 at around 7.5%. During its last fiscal year, the company's earnings per share declined more than 20%. That left it with only $665 million in free cash flow after funding its capital spending ($1.5 billion to less than $2.3 billion).
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