►‌ ‌Subscribe‌ ‌for‌ ‌new‌ ‌videos‌ ‌every‌ ‌day!:‌ ‌http://bit.ly/dai_youtube ►‌ ‌Mike's‌ ‌"Growth‌ ‌&‌ ‌Income"‌ ‌Portfolio:‌ ‌ http://dividendsandincome.com/mike-nadels-grand-twins-college-fund/ ►‌ ‌Income‌ ‌Builder‌ ‌Portfolio:‌ ‌ https://dividendsandincome.com/income-builder-portfolio/ ►‌ ‌Read it here: https://dividendsandincome.com/2022/02/23/we-just-bought-more-3m-mmm-for-the-income-builder-portfolio/ While researching 3M’s (MMM) decades-long history of paying and growing its dividend, I couldn’t find any time its stock had a 5% yield. Indeed, although 3M is a Dividend King that has raised its annual payout to shareholders for 64 consecutive years, only rarely in the last half-century has one of the world’s foremost industrial conglomerates even yielded 4% or more: Near the end of the 2009 Great Recession. During the depths of the 2020 Covid crash. Right now. That’s right … due to a plunging stock price and a little (too little, some might argue) dividend growth, 3M’s yield has hit the 4% mark again. For that reason, and a few others I’ll get to shortly, I decided to add to the Income Builder Portfolio’s MMM stake. On Tuesday, Feb. 22, I executed a purchase order for 5 shares on behalf of Greg Patrick, this site’s co-owner (and IBP money man). MMM bought via limit order that filled in 2 separate buys a moment apart; APD also bought via limit order. As you can see, I used the remainder of Greg’s $1,000 semi-monthly allocation to add a share of Air Products & Chemicals (APD). APD is the IBP’s newest position, one we initiated on Dec. 21. I felt comfortable buying it at $293 then, so I was quite happy to snag another share of it Tuesday for more than $50 less. Morningstar gives it a $331 fair value, and I think we got a pretty good deal here. Check out the video for the full discussion. FOLLOW US: ► Website: http://www.dividendsandincome.com/ ► YouTube: http://bit.ly/dai_youtube #CheapStocks #DividendGrowth #Dividends $MMM LEGAL DISCLAIMER: Please consult with a licensed investment professional before investing any of your money. Never invest in a security or idea featured on this channel unless you can afford to lose your entire investment. If your money is not FDIC insured, it may decline in value. Mike is not a licensed financial advisor, tax professional, or stockbroker and he does not purport to be. Links above may include affiliate commissions paid to the owners of Dividends and Income and help support this channel.