Tag: industrials

  • Fastenal (FAST) Increases Dividend by 13%

    Fastenal (FAST) Increases Dividend by 13%

    Fastenal announced its 25th consecutive double-digit annualized dividend. They’ve done this for over two decades. Fastenal Company reported its board of directors declared a dividend of $0.35 per share to be paid in cash on March 2, 2023 to shareholders of record at the close of business on February 2, 2023. Except for share and […]

  • 3M (MMM) defends against chemical contamination claims

    3M (MMM) defends against chemical contamination claims

    If some analysts are correct the liability will be in the tens of billions. What will that do to their dividend? 3M is defending itself against allegations that chemicals and products it has made for decades have contaminated drinking water and pose health risks. Legal and industry analysts expect 3M to be engaged for years […]

  • Caterpillar HQ leaving Illinois for Texas

    Caterpillar HQ leaving Illinois for Texas

    Caterpillar (CAT) has a current dividend yield of 2.32% and is rated as “Very Safe” by SimplySafeDividends. I hold CAT in my Low Yield Portfolio. In total CAT is 1.0% of my portfolio. The maker of construction and mining equipment said Tuesday that its existing office in Irving, Texas, a suburb of Dallas, would serve […]

  • Caterpillar raises dividend by 8.1%

    Caterpillar raises dividend by 8.1%

    This is Caterpillar’s 28th straight year for increasing their dividend. Caterpillar has restructured its business in recent years and reduced their manufacturing footprint by almost 30%. Streamlining their organization reduces costs and gives them a healthier cash flow. Caterpillar seems to be in a strong position to ride out any potential recession and maintain its […]

  • 1st Quarter in the Can

    1st Quarter in the Can

    3M remediation in Belgium, AT&T two-way trading, Kinder Morgan backed company files for bankruptcy and much much more!

  • 3M to spend over $160 million for Belgium plant remediation

    3M to spend over $160 million for Belgium plant remediation

    3M (MMM) has a current dividend yield of 3.91% and is rated as “Safe” by SimplySafeDividends. I hold MMM in my Low & Medium Yield Portfolios. In total MMMis 1.1% of my portfolio. The St. Paul, Minn., manufacturing conglomerate said the investment is aimed at advancing remedial actions for the Zwijndrecht community near the city […]