Polliesdividend

Recent buy – 3M Company – October 2019

A new buy for my Vrijheid Fonds – 3M Company – October 2019

The markets are still volatile. And this year I already took advantage of a dip in the market for 3M. Last week I saw again a nice opportunity to average down on this great Dividend Aristocrat. And what is not to like about this industry conglomerate. 3M has a lot of patents and are still able to grow these numbers, because they spent almost 6% of their net sales in R&D.

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

 

Purchase

On September 24th I bought 4 additional shares of MMM at $161.44 per share (incl. fees).

With this buy I added a little bit more than €4 (after taxes) of projected dividend to my Vrijheid Fonds for 2019. Now I own 33 shares of 3M and this position produces € 145 ($161) 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? Any feedback is greatly appreciated!

Cheers,

Pollie

 

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.

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2 thoughts on “Recent buy – 3M Company – October 2019

  1. DGJ

    Great buy, Pollie. I was lucky to pick up a few shares at the beginning of October at 155 and 151 dollars to bring my average cost down to 179. Anything below 20 P/E I believe is a good buy for this high quality stock.

    1. Polliesdividend Post author

      I agree that with these prices MMM is a good buy. Let’s hope we get more opportunities to average down

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