3M Cuts Dividends, Buys Whirlpool
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enticing dividendThe Motley Fool
•Here's why I decided to sell my stake in 3M and buy Whirlpool
69% Informative
3 M ended a streak of more than 60 straight years of dividend growth when it slashed its payment earlier this year .
The industrial giant agreed to pay about $18.5 billion to settle some very expensive legal issues.
The company has taken several steps to preserve its financial flexibility so that it can cover those payments and other capital needs.
Whirlpool is in a good position to maintain its dividend despite some current headwinds.
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The 10 stocks that made the cut could produce monster returns in the coming years .
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