How To Put $100 In Your Retirement Fund Each Month With 3M Stock

3M Co. MMM provides diversified technology services globally. It operates through three segments: Safety and Industrial, Transportation and Electronics, and Consumer.

The 52-week range of 3M stock price was $91.56 to $156.35.

3M's dividend yield is 2.12%. It paid $2.92 per share in dividends during the last 12 months.

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The Latest On 3M

On April 22, the company announced its Q1 2025 earnings, posting net sales of $5.95 billion, down 1.0% year-over-year, but above the consensus of $5.781 billion, as reported by Benzinga.

Adjusted EPS was $1.88, beating the consensus estimate of $1.77.

3M sees full-year 2025 adjusted EPS in the range of $7.60 to $7.90, and an additional negative impact of $0.20 to $0.40 per share from tariffs. Street estimates stand at $7.75.

How Can You Earn $100 Per Month As A 3M Investor?

If you want to make $100 per month — $1,200 annually — from 3M dividends, your investment value needs to be approximately $56,604, which is around 410 shares at $137.93 each.

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Understanding the dividend yield calculations: When making an estimate, you need two key variables — the desired annual income ($1,200) and the dividend yield (2.12% in this case). So, $1,200 / 0.0212 = $56,604 to generate an income of $100 per month.

You can calculate the dividend yield by dividing the annual dividend payments by the current price of the stock.

The dividend yield can change over time. This is the outcome of fluctuating stock prices and dividend payments on a rolling basis.

For instance, assume a stock that pays $2 as an annual dividend is priced at $50. Its dividend yield would be $2/$50 = 4%. If the stock price rises to $60, the dividend yield drops to 3.33% ($2/$60). A drop in stock price to $40 will have an inverse effect and increase the dividend yield to 5% ($2/$40).

In summary, income-focused investors may find 3M stock an attractive option for making a steady income of $100 per month by owning 410 shares of stock.

Check out this article by Benzinga for three more stocks offering high dividend yields.

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