Key Developments: 3M Co (MMM.N)

MMM.N on New York Stock Exchange

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Latest Key Developments (Source: Significant Developments)

3M Co authorizes $12 billion share repurchase program
Tuesday, 4 Feb 2014 07:00pm EST 

3M Co:Says the Board of Directors approved the authorization for the repurchase of up to $12 billion of 3M's outstanding common stock.Says the authorization replaces the company's existing repurchase program and has no pre-established closing date.  Full Article

3M Co reaffirms FY 2014 guidance
Thursday, 30 Jan 2014 07:30am EST 

3M Co:Expects FY 2014 earnings to be in the range of $7.30 to $7.55 per share with organic local-currency sales growth of 3 pct to 6 pct.Says it reported revenue of $30.87 bln in FY 2013.FY 2014 EPS of $7.47 on revenue of $32.6 bln - Thomson Reuters I/B/E/S.  Full Article

3M Co gives FY 2014 guidance; EPS guidance in line with analysts' estimates
Tuesday, 17 Dec 2013 08:31am EST 

3M Co:Says FY 2014 earnings to be in the range of $7.30 to $7.55 per share with organic local currency sales growth of 3 to 6 pct.FY 2014 EPS of $7.40 - Thomson Reuters I/B/E/S Estimates.  Full Article

3M Co increases dividend by 35 pct
Tuesday, 17 Dec 2013 08:30am EST 

3M Co:Says the Board has declared a dividend on the company`s common stock of US$0.855 per share for the first quarter of 2014.Says this dividend is a 35 PCT increase over the quarterly dividend paid in 2013.Says the dividend is payable in Mar. 12, 2014, to shareholders of record at the close of business on Feb. 14, 2014.  Full Article

3M Co and Ecopro Co Ltd complete NMC patent license agreement
Wednesday, 11 Dec 2013 09:00am EST 

3M Co and Ecopro Co Ltd:Enters into a patent license agreement that aims at further expanding the use of Nickel-Manganese-Cobalt (NMC) cathode materials in lithium ion batteries.Says under the agreement, 3M grants a license to US6964828, US7078128, US8241791 and all global equivalents.  Full Article

3M Co Licenses Fentanyl Transdermal Patch Technology To STADA Arzneimittel AG
Tuesday, 19 Nov 2013 01:05pm EST 

3M Co announced that STADA Arzneimittel AG has become the drug company to license 3M`s patented technology directed to a matrix patch for the transdermal delivery of the opioid pain medication fentanyl. Terms of the license agreement were not disclosed.  Full Article

3M Co Declares Quarterly Dividend
Monday, 11 Nov 2013 06:10pm EST 

3M Co announced that its Board of Directors has declared a dividend on the Company's common stock of $0.635 per share for the fourth quarter of 2013, payable December 12, 2013, to shareholders of record at the close of business on November 22, 2013.  Full Article

3M Co Narrows FY 2013 Guidance To A Range In Line with Analysts' Estimates
Thursday, 24 Oct 2013 07:30am EDT 

3M Co announced that for fiscal 2013, it expects earnings to be in the range of $6.65 to $6.75 per share versus a previous expectation of $6.60 to $6.85 per share and organic local-currency sales growth of 3% to 4% versus a previous expectation of 2% to 5%. The Company reported revenue of $29.904 billion in fiscal 2012. According to I/B/E/S Estimates, analysts are expecting the Company to report EPS of $6.70 and revenue of $30.927 billion for fiscal 2013.  Full Article

Shenzhen Comix Stationery Co Ltd Signs Exclusive Distribution Agreement with Subsidiary of 3M Co
Friday, 11 Oct 2013 08:00pm EDT 

Shenzhen Comix Stationery Co Ltd announced that it has signed an exclusive distribution agreement with China-based subsidiary of 3M Co and another international trading company, for purchase and sale of 3M products including print label, sealing tape, indication label, note paper, glue stick, double side tape, ergonomic product and scissor, with maturity date of December 31, 2015. The minimum purchasing value is RMB 43 million.  Full Article

3M Co Declares Quarterly Dividend
Tuesday, 13 Aug 2013 04:26pm EDT 

3M Co announced that it has declared a dividend on the Company`s common stock of $0.635 per share for the third quarter of 2013, payable September 12, 2013, to shareholders of record at the close of business on August 23, 2013.  Full Article

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3M profit rises 6 percent, sales up across businesses

- 3M Co posted a 6 percent rise in quarterly profit on Thursday, helped by broad sales growth across the U.S. manufacturer's range of businesses.

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