This Evergreen Dividend Stock Could Soon Get Even Sweeter

If things go as planned, shareholders will be able to look forward to more decades of reliable earnings and dividend growth. As announced on July 26, 3M is planning to spin off its healthcare division, which brought in around $8.6 billion out of the company's $26.8 billion in revenue during 2021. The transaction is expected to close by the end of 2023, and it'll help to streamline its operations and pave the way for further profitable growth.