Dividends Declared for Amgen, 3M, and Provident Financial

Dividend Announcements: Amgen, 3M Co, and Provident Financial have declared dividends. Amgen Inc (AMGN) will pay $2.38, 3M Co (MMM) will pay $0.73, while Provident Financial (PFS) will pay $0.24. Expect stock price adjustments on ex-dividend dates.

Date: 12-02-2025

AI Rating: 6

Impact of Dividends on Stock Prices
The report discusses upcoming dividends for three S&P 500 companies: Amgen Inc (AMGN), 3M Co (MMM), and Provident Financial Services Inc (PFS). On their ex-dividend dates, the respective stock prices are expected to decline approximately by the dividend amount as these dividends represent a portion of the overall shareholder returns.

For instance, Amgen Inc, which is declared to pay a dividend of $2.38, equating to 0.80% of its recent stock price of $296.66, suggests that its shares will likely drop by this percentage upon the ex-dividend date. 3M Co’s expected reduction of 0.49% and Provident Financial’s reduction of 1.23% follow similar logic.

This expected drop in price reflects how dividends are often paid out of profits, impacting earnings metrics and investor sentiment surrounding stock performance.

Additionally, the estimated annualized yields are noteworthy: Amgen Inc at 3.21%, 3M Co at 1.95%, and Provident Financial at 4.93%. These yields can impact investment decisions, as investors often seek stocks with stable or increasing dividends as indicators of solid company performance.

In recent trading, shares of all three companies have seen marginal increases: Amgen up about 0.6%, 3M up about 0.2%, and Provident Financial up about 1.7%. However, these gains may be tempered by the upcoming adjustments in stock prices as they go ex-dividend. Overall, this report indicates how dividend payouts influence market expectations and stock valuations.

Stocks: AMGN MMM PFS