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Recent buy – 3M Company – February 2020

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

If we look at the markets the last two months, it is fair to say that they are still volatile. And with volatile markets I always keep in mind the saying: Short-term volatility is a long-term opportunity.

Last week I saw again a nice opportunity to average down on a great Dividend Aristocrat. I have averaged down on 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 pull my buy trigger.

A couple of days ago 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.

www.polliesdividend.com 3M dividend 3m pollie

 

Purchase

On February 21st I bought 6 additional shares of MMM at $157.59 per share (incl. fees).

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 43 shares of 3M and this position produces € 191 ($207) 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 appreciate any feedback greatly!

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 – February 2020

  1. Dividend Diplomats

    Pollies –

    Anytime you buy a dividend aristocrat – has to be an excellent purchase : ) Though I didn’t pick them up, I did pick up UPS, VIAC, GD, LYB and a few others – not big purchases, but a few!

    -Lanny

  2. Jason from MoreDividends

    Hey Pollies,

    3M is a great company. I have just initiated a new position in 3M over the past couple of months. With this recent volatility, I couldn’t help but add to the position at these discounted prices. I guess great minds do think alike!!! Nice addition. Thanks for sharing!

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