3M Announces Quarterly Dividend and Share Buyback Program

Author: Evelyn Baker Updated: 02-04-2025 05:10 PM

3M Board Announces Dividend Payment and Buyback Plan

The Board of Directors at 3M (NYSE: MMM) recently made an important announcement regarding their ongoing commitment to returning value to shareholders. They declared a quarterly dividend of $0.73 per share for the upcoming first quarter. This dividend is a testament to the company’s enduring financial health and commitment to maximizing shareholder returns.

A Long History of Dividend Payments

For over a century, 3M has maintained a reliable record of uninterrupted dividends, consistently demonstrating its resilience and dedication to its investors. This long-standing tradition not only highlights the company's stability but also reinforces investor confidence in the firm’s future.

Share Repurchase Authorization

In addition to the dividend declaration, the Board also approved a substantial share repurchase program, which authorizes the repurchase of up to $7.5 billion of its outstanding common stock. This strategic move is designed to provide further benefit to shareholders by potentially increasing the value of remaining shares and returning cash to investors.

Current Shareholder Landscape

As of the end of the previous year, 3M had 539,470,303 common shares outstanding and recorded approximately 57,056 shareholders. The company continues to attract a diverse group of investors, reflecting its broad appeal and solid market position.

About 3M

3M (NYSE: MMM) operates with a belief that science can pave the way for a brighter future for everyone. By harnessing the collective power of its employees, innovative ideas, and cutting-edge scientific advancements, the company addresses both opportunities and challenges faced by customers across various sectors. 3M remains committed to improving lives and shaping what’s next for its global communities.

Investor Contact Information

If you have any inquiries regarding investor relations, you can reach Diane Farrow at 612-202-2449 or Eric Herron at 651-233-0043 for further information.

Frequently Asked Questions

What is the declared dividend per share by 3M?

The Board of Directors declared a $0.73 per share dividend for the first quarter.

What does the share repurchase program entail?

The Board authorized a $7.5 billion stock repurchase program to enhance shareholder value.

How long has 3M been paying dividends?

3M has been paying dividends to its shareholders for more than a century without interruption.

How many shares does 3M currently have outstanding?

3M had 539,470,303 common shares outstanding as of December 31, 2024.

Where can I find more information about 3M?

For more information, visit 3M's official site to learn about their latest initiatives and updates.

About The Author

Greetings, I'm 32-year-old author and financial specialist Evelyn Baker. My introduction into the financial industry started with an economics degree and continued with a wealth of experience in wealth management and financial consulting. My great passion over the years has been assisting people and companies in making wise, well-informed decisions to reach their financial objectives.

My goal with writing is to simplify difficult financial ideas into understandable, doable guidance. My goal in writing many books and articles is to make personal finance understandable to everyone, irrespective of their experience or background. I want to give readers the information they need to take charge of their financial futures, from investing and retirement planning to budgeting and saving.

Along with my writing, I lead webinars and workshops where I provide doable advice and methods for achieving financial success. To reach a larger audience, I also frequently contribute to financial blogs and publications. My method is always to offer doable, real-world guidance that can actually improve people's lives.

Aside from my job, I like to cook, travel, and experience other cultures. I work hard to apply my belief in the value of a balanced life to my financial counsel. My goal in working is to encourage and enable people to succeed financially so they may lead the best lives possible.

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