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3M to cut its dividend following healthcare spinoff

Seana Smith and Brad Smith

Shares of 3M (MMM) are trading higher on Tuesday morning as the company announced it will cut its dividend following the April 1 spinoff of its healthcare segment, Solventum Corp. CEO Mike Roman claims that the decision to cut dividends comes from a "resetting" for the company.

Yahoo Finance Anchors Brad Smith and Seana Smith break down the latest development for 3M and what it could mean for the company moving forward.

For more expert insight and the latest market action, click here to watch this full episode of Morning Brief.

This post was written by Nicholas Jacobino