3M Board Declares Increase to First Quarter 2021 Dividend

Rhea-AI Summary

The 3M Board of Directors declared a $1.48 dividend per share for Q1 2021, a 1% increase over the previous year. This dividend will be paid on March 12, 2021, to shareholders on record as of February 12, 2021. Notably, this is the 63rd consecutive year of dividend increases and follows over 100 years of uninterrupted dividend payments. As of December 31, 2020, 3M had 577,749,638 shares outstanding and 68,843 shareholders of record.

Positive

• 1% increase in quarterly dividend to $1.48 enhances shareholder income.
• 63rd consecutive year of dividend increases reflects strong company performance.
• Over 100 years of uninterrupted dividend payments indicates long-term stability.

Negative

• None.

News Market Reaction

+0.26%

1 alert

+0.26% News Effect

On the day this news was published, MMM gained 0.26%, reflecting a mild positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

ST. PAUL, Minn., Feb. 2, 2021 /PRNewswire/ -- The 3M Board of Directors (NYSE:MMM) today declared a dividend on the company's common stock of $1.48 per share for the first quarter of 2021, an increase of 1 percent over the quarterly dividend paid in 2020. The dividend is payable March 12, 2021, to shareholders of record at the close of business on February 12, 2021.

This marks the 63^rd consecutive year 3M has increased its dividend. 3M has paid dividends to its shareholders without interruption for more than 100 years.

As of December 31, 2020, 3M had 577,749,638 common shares outstanding and 68,843 shareholders of record.

About 3M 
At 3M, we apply science in collaborative ways to improve lives daily. Learn more about 3M's creative solutions to the world's problems at www.3M.com or on Twitter @3M or @3MNews.

Contacts: 
Investor Contacts:
Bruce Jermeland, 651-733-1807
or
Tony Riter, 651-733-1141

Media Contact:
Jennifer Ehrlich, 651-736-9430

 

 

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SOURCE 3M

FAQ

What is the dividend amount declared by 3M for Q1 2021?

3M declared a dividend of $1.48 per share for Q1 2021.

When is the payment date for 3M's Q1 2021 dividend?

The payment date for 3M's Q1 2021 dividend is March 12, 2021.

How many consecutive years has 3M increased its dividend?

3M has increased its dividend for 63 consecutive years.

What is the record date for 3M's Q1 2021 dividend?

The record date for 3M's Q1 2021 dividend is February 12, 2021.

How many shares did 3M have outstanding as of December 31, 2020?

As of December 31, 2020, 3M had 577,749,638 common shares outstanding.