{"slug":"payout-ratio-over-100-percent","qid":"charge_trace","label":"charge_trace","post_title":"payout-ratio-over-100-percent","post_url":"/blog/payout-ratio-over-100-percent#q-charge_trace","columns":["date","quarter_label","net_income_bn","dividends_paid_bn"],"rows":[{"date":"2023-06-30","quarter_label":"Jun 2023","net_income_bn":-6.84,"dividends_paid_bn":0.83},{"date":"2023-09-30","quarter_label":"Sep 2023","net_income_bn":-2.07,"dividends_paid_bn":0.83},{"date":"2022-06-30","quarter_label":"Jun 2022","net_income_bn":0.08,"dividends_paid_bn":0.85},{"date":"2022-12-31","quarter_label":"Dec 2022","net_income_bn":0.54,"dividends_paid_bn":0.82},{"date":"2024-12-31","quarter_label":"Dec 2024","net_income_bn":0.73,"dividends_paid_bn":0.38},{"date":"2024-03-31","quarter_label":"Mar 2024","net_income_bn":0.93,"dividends_paid_bn":0.84},{"date":"2023-12-31","quarter_label":"Dec 2023","net_income_bn":0.95,"dividends_paid_bn":0.83},{"date":"2023-03-31","quarter_label":"Mar 2023","net_income_bn":0.98,"dividends_paid_bn":0.83},{"date":"2024-06-30","quarter_label":"Jun 2024","net_income_bn":1.15,"dividends_paid_bn":0.96},{"date":"2024-09-30","quarter_label":"Sep 2024","net_income_bn":1.38,"dividends_paid_bn":0.42},{"date":"2022-09-30","quarter_label":"Sep 2022","net_income_bn":3.86,"dividends_paid_bn":0.85}],"shape":"series","sql":"SELECT\n    toString(period_end)                        AS date,\n    formatDateTime(period_end, '%b %Y')         AS quarter_label,\n    round(toFloat64(net_income_q) / 1e9, 2)     AS net_income_bn,\n    round(abs(toFloat64(dividends_q)) / 1e9, 2) AS dividends_paid_bn\nFROM\n(\n    SELECT\n        period_end,\n        argMax(net_income, (filing_date, _ingest_time)) AS net_income_q,\n        argMax(dividends, (filing_date, _ingest_time))  AS dividends_q\n    FROM global_markets.stocks_cash_flow_statements\n    WHERE has(tickers, 'MMM')\n      AND timeframe = 'quarterly'\n      AND period_end >= '2022-06-30'\n      AND period_end <= '2024-12-31'\n    GROUP BY period_end\n)\nORDER BY net_income_bn ASC","computed_at":"2026-10-02T14:58:43.073455+00:00","elapsed":0.002745835}