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Here at FxPro, we’re delighted to offer our clients the opportunity to invest in 3M Co, through our CFDs Product. This is an American diversified innovation and production company (ex. Minnesota Mining and Manufacturing).
According to the official open sources, the company’s history began in 1902 with Headquarters in the city of St. Paul, Minnesota, USA.
In May 1905, the main 3M Co investor was Edgar B. Aubert, who, together with his partner Lucius P. Ordway, had bought 60% of its shares in order to save the company. Moreover, he has attracted an additional $250'000.
In 1910, a new abrasive plant was built in the city of Saint Paul, in which Ordway decided to transfer the company's headquarters in 1916. The first dividends on shares were also paid at this period.
The invention of transparent scotch during the Great Depression helped the company to grow in a depressed environment in which most businesses had been struggled to break even. By 1932, the new product has become a best seller. Since that time, 3M's main customer base shifted from branded furniture and car factories to their new stationery stores. In the 1930s, 3M directed about 45% of its profits to the new researches.
In 1947, 3M Co held the first public issue of shares on the New York Stock Exchange: this event had attracted extra attention to the company. Among the novelties that have been debuted in the post-war period were magnetic audio tapes that appeared in the same year.
In the 1960s, the company's annual turnover reached $1 billion with the main focus on magnetic media production. In 2002, the company was officially renamed to 3M Group.
Today this brand is listed on the NYSE as MMM and its name is firmly established in our life.
The 3M Co stock price is subject to the observations of many traders in the world. At the beginning of 2019, the 3M Co share price was 191.38 USD.
Among the reasons to keep a close eye to the CFDs on 3M Co securities is the strong volatility that can be observed during the day-to-day trading sessions.
On this page, you can take a look at the 3M Co share price chart to make your own responsible decision to buy or to sell it on the FxPro trading platforms.
In order to trade shares successfully, be sure to follow corporate reports and actual data that are regularly published on the major news portals.
Also, keep a close eye to the Dividend calendar at the FxPro official website. According to it, сlients, holding “Buy” positions on the ex-div date will receive a dividend in the form of a cash adjustment (deposit). Clients, holding “Sell” positions on the ex-div date will be charged the dividend amount in the form of a cash adjustment (withdrawal).
To start trading on the stocks price online, open your FxPro Direct account by clicking the “Register” button at the top of this page. Several convenient top-up methods with 0% commissions are available.
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