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19 hours ago'Dividend aristocrat' no more: 3M slashes payout after more than 60 years of only boosting it | Fortune
Starting in May, the manufacturing giant plans to pay a dividend at roughly 40% of its adjusted free cash flow, 3M said in a statement Tuesday as it reported better-than-expected first-quarter earnings. That compares to a payout that translated to more than 60% of its free cash flow last year.
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