3M investor switches to Whirlpool for stable dividend history amid 3M's financial issues.

The author transitioned their investment from 3M, which cut its dividend due to legal issues, to Whirlpool, a company with a stable dividend history. The decision was motivated by 3M's financial troubles and the desire for more reliable income. Whirlpool’s strong cash flow and potential growth from a recovering housing market position it well to maintain its dividend, aligning with the author's long-term goal of generating passive income.

October 19, 2024
3 Articles

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