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Provider: Wright Reports

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3M Co Increases Dividend 8% and Authorizes $7.5 Billion Share Repurchase Program

Tuesday, 5 Feb 2013 04:22pm EST 

3M Co announced that it has declared a dividend on the Company's common stock of 63.5 cents per share for the first quarter of 2013, an 8% increase over the quarterly dividend paid in 2012. The dividend is payable on March 12, 2013, to shareholders of record at the close of business on February 15, 2013. The board also authorized the repurchase of up to $7.5 billion of 3M's outstanding common stock, replacing the Company's existing repurchase program. The authorization has no pre-established closing date. 

Company Quote

0.41 +0.28%
28 Jul 2014