3M Increases Quarterly Dividend $MMM

• 3M (NYSE:MMM) declares $1.44/share quarterly dividend, 5.9% increase from prior dividend of $1.36.
• Forward yield 2.87%
• Payable March 12; for shareholders of record Feb. 15; ex-div Feb. 14.

The 3M Board of Directors (NYSE:MMM) today declared a dividend on the company’s common stock of $1.44 per share for the first quarter of 2019, a 6 percent increase over the quarterly dividend paid in 2018. The dividend is payable March 12, 2019, to shareholders of record at the close of business on Feb. 15, 2019.

"The strength of our business model enables 3M to consistently generate premium margins and strong cash flow, and to build on the company’s long history of returning cash to our shareholders," said Mike Roman, 3M chief executive officer.

3M has increased its dividend for 61 consecutive years and paid dividends to its shareholders without interruption for more than 100 years.

As of Dec. 31, 2018, 3M had 576,575,168 common shares outstanding and 76,757 shareholders of record.

For more information, visit www.3m.com

According to the list of U.S. Dividend Champions, 3M is a Dividend Champions. MMM has a 60-year dividend raising streak.

Dividend Growth Rates
DGR	DGR	DGR	DGR
1-yr	3-yr	5-yr	10-yr
15.7	9.9	16.5	10.5

Dividend Yield Chart:

3M Co stock dividend yield is close to 5-year high.

Payout Ratio:

This is the historical payout ratio of 3M Co. If payout ratio is close to or higher than 100%, dividends might not be sustainable.