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3M Increases Dividend for the 59th Consecutive Year

Declared a dividend on the company’s common stock of $1.175 per share for 1Q 2017.

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By: DAVID SAVASTANO

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

The 3M Board of Directors declared a dividend on the company’s common stock of $1.175 per share for the first quarter of 2017, an increase of 6% over the quarterly dividend paid in 2016. The dividend is payable March 12, 2017, to shareholders of record at the close of business on Feb. 17, 2017.
 
This marks the 59th consecutive year 3M has increased its dividend. The company has paid dividends to its shareholders without interruption for 100 years. During the past decade, 3M has returned $49 billion to shareholders through a combination of dividends and gross share repurchases, or 113% of reported net income.

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