Recent buy – 3M Company – August 2019

A new buy for my Vrijheid Fonds. I averaged down on one of my dividend aristocrats.

The markets are still volatile. And in May I already took advantage of a dip in the market for 3M. Last month I saw again a nice buying opportunity for 3M. And for those who knows me, I’ll rather be on time in the market, then timing the market. So, I couldn’t resist to pull my buy trigger. I averaged down one of the Dividend Aristocrats I own.

Last year I did an analysis of 3M. If you haven’t read my analysis, please take a look at this post about 3M Company (MMM) Stock Analysis Pollie Style – 2018.

www.polliesdividend.com dividend 3m pollie



On August 23rd I bought 4 shares of MMM at $155.78 per share (incl. fees).

With this buyI added almost €9 (after taxes) of projected dividend to my Vrijheid Fonds for 2019. Now I own 25 shares of 3M and this position produces € 111 ($122) after taxes in dividend income annually.

Again, a small step in my journey and one-step closer to my goal.

Has anyone else invested in this company recently? I like to hear from you!




Disclaimer: I’m not a registered investment adviser, investment professional, brokerage firm or investment company. Readers are advised that information on the website is issued solely for information purposes and not to be construed as an offer or recommendation to buy, hold, or sell any securities. All information, opinions, and analyses included are based on sources believed to be reliable, but no representation or warranty is made concerning accuracy, correctness, timeliness, or appropriateness. Please consult with an investment professional before investing any of your money.

6 thoughts on “Recent buy – 3M Company – August 2019

  1. KeithX

    Hi Pollie. I reduced my average cost of shares of MMM to $162 with a recent purchase. I like MMM for the long term and expect that we will be happy to be shareholders.
    Be blessed!

  2. DKK

    Nice buy Pollie. I bought MMM at the start of June @165 and I considered it to be a bargain already. Even better is that your dividend income actually is twice the amount that you think. (MMM pays $5,76 annually * 4 shares / 1,104 EUR/USD – 15% tax = EUR 17,74)

  3. Jung in Rente

    Hi Pollie,

    I haven’t yet pulled the trigger, as my stock screener still doesn’t rate 3M as a buy candidate.

    However, in terms of dividend safety, it’s definitely a good choice at the moment.

    – David

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.