MMM is a "Dividend King" with a 61-year streak of increasing dividends and has been a dividend growth investor favorite.
First-quarter results were acceptable and do not appear to have been affected by COVID-19.
MMM is responding to COVID-19 with cost savings initiatives and capital allocation strategy adjustments.
Increasing debt and poor revenue growth over the last several years will lead to stunted dividend growth at best over the next few years.
3M (NYSE:MMM) has been a favorite among dividend-growth investors due to the company's history of raising dividends for 61 years. Over the last 10 years, the dividend growth had an outstanding CAGR