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3M Increases Dividend 35 Percent

Declared dividend of 85.5 cents per share for the first quarter of 2014

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By: DAVID SAVASTANO

Contributing Editor, Coatings World and Ink World, Coatings World and Ink World Magazine

The board of directors of 3M declared a dividend on the company’s common stock of 85.5 cents per share for the first quarter of 2014, a 35 percent increase over the quarterly dividend paid in 2013. The dividend is payable March 12, 2014, to shareholders of record at the close of business on Feb. 14, 2014. 3M has paid dividends to its shareholders without interruption for more than 97 years.

As of Nov. 29, 2013, 3M had 665,241,865 common shares outstanding and 91,873 shareholders of record.

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