Recent buy – 3M Company – May 2020

A new buy for my Vrijheid Fonds, I added some extra 3M.

We are living in uncertain times and we see some nice volatility in the markets. And with volatile markets I always keep in mind the saying: Short-term volatility is a long-term opportunity.

This week, when I received my paycheck, I pulled my buy trigger again. I have averaged down on a great Dividend Aristocrat, the industry conglomerate 3M. 3M is one of my favorite Dividend Aristocrats I own. So, if I see an opportunity to buy some extra shares, I will (almost) always take action when I have some extra cash at hand.

In the February of this year, I have updated my analysis of 3M. For my 3M analysis Pollie-style, just read my post 3M Company (MMM) Stock Analysis Pollie Style – 2020. With a lower P/E-ratio than back in February, I think these extra shares will provide me with a lot of dividend in the coming years.

www.polliesdividend.com 3M dividend 3m pollie




On May 20st I bought 6 additional shares of MMM at $150.06 per share (incl. fees).

If have bought these shares just before the ex-dividend date, so I will receive my first dividend for these extra shares in June. With this buy I added a little bit more than €20 (after taxes) of projected dividend to my Vrijheid Fonds for 2020. Now I own 49 shares of 3M and this position produces € 209 ($229) 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.

3 thoughts on “Recent buy – 3M Company – May 2020

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Your email address will not be published.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.