3M Board Declares Quarterly Dividend

Rhea-AI Summary

3M (NYSE:MMM) has announced a quarterly dividend of $0.73 per share for Q1 2025, payable on March 12, 2025, to shareholders of record as of February 14, 2025. The company highlights its consistent dividend payment track record spanning over 100 years without interruption.

Additionally, the Board has approved a new share repurchase program of up to $7.5 billion, replacing the existing program, with no pre-established end date. As of December 31, 2024, 3M reported 539,470,303 outstanding common shares and 57,056 shareholders of record.

Positive

• Continuation of dividend payments, maintaining over 100-year streak of uninterrupted dividends
• New $7.5 billion share repurchase program authorized, potentially increasing shareholder value
• Large shareholder base with over 57,000 shareholders of record

Negative

• None.

ST. PAUL, Minn., Feb. 4, 2025 /PRNewswire/ -- The 3M Board of Directors (NYSE:MMM) today declared a dividend on the company's common stock of $0.73 per share for the first quarter of 2025. The dividend is payable March 12, 2025, to shareholders of record at the close of business on February 14, 2025.

3M has paid dividends to its shareholders without interruption for more than 100 years.

The board also authorized the repurchase of up to $7.5 billion of 3M's outstanding common stock, replacing the company's existing repurchase program. The authorization has no pre-established closing date.

As of December 31, 2024, 3M had 539,470,303 common shares outstanding and 57,056 shareholders of record.

About 3M

3M (NYSE: MMM) believes science helps create a brighter world for everyone. By unlocking the power of people, ideas and science to reimagine what's possible, our global team uniquely addresses the opportunities and challenges of our customers, communities, and planet. Learn how we're working to improve lives and make what's next at 3M.com/news.

Investor Contact:
Diane Farrow 
612-202-2449
or
Eric Herron
651-233-0043

Media Contact:
Sean Lynch
slynch2@mmm.com

 

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SOURCE 3M Company

FAQ

What is 3M's quarterly dividend amount for Q1 2025?

3M's quarterly dividend for Q1 2025 is $0.73 per share.

When is the payment date for 3M's Q1 2025 dividend?

The dividend payment date is March 12, 2025, for shareholders of record as of February 14, 2025.

How much is 3M's new share buyback program worth?

3M's new share buyback program is authorized for up to $7.5 billion of outstanding common stock.

How long has 3M been paying dividends without interruption?

3M has paid dividends to shareholders without interruption for more than 100 years.

How many outstanding shares does MMM have as of December 31, 2024?

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