A Dividend Cut Will Make 3M a Buy

The subject of 3M's (MMM 0.38%) dividend came up again during a Citigroup industrial conference where 3M's management team fell short of strongly affirming it would maintain it at current levels. As such, I thought I'd share some thoughts on the issue and lay out some numbers so readers can make up their minds.Management's commentaryCitigroup analyst Andrew Kaplowitz asked 3M management if it had any thoughts on the dividend in light of the release of a Form 10 SEC filing related to the upcoming spinoff of ...