3M Hikes Quarterly Dividend
The Board of Directors of 3M Co. (NYSE: MMM – $177.07) 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 and the company has paid dividends to its shareholders without interruption for 100 years. 3M Co., yielding 4% with the new $4.70 annual payout, remains a core conservative holding.