since 2000, has done better over the short term. Its shares have returned almost 70% over the past three years including dividends, whereas 3M’s total return is flat even though it is a big dividend payer..
Since the turn of the millennium, 3M’s total return has been more than 400%, while GE shareholders are around 55% worse off than 21 years ago. 3M may lack good ideas, but at least it didn’t pay for bad ones.
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