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Strategies & Market Trends : Dividend investing for retirement

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To: Triffin who wrote (10987)2/8/2012 8:50:14 AM
From: Triffin  Read Replies (1) of 34328
 
MMM boosts dividend payout by 7% ..

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The Board of Directors of 3M (NYSE: MMM - News) today declared a dividend on the company’s common stock of 59 cents per share for the first quarter of 2012, a 7 percent increase over the quarterly dividend paid in 2011. The dividend is payable on March 12, 2012, to shareholders of record at the close of business on February 17, 2012. 3M has paid dividends to its shareholders without interruption for more than 95 years.

“This increase reflects the company’s solid financial performance and our confidence in our future,” said George W. Buckley, 3M chairman, president and CEO. “Our strong cash generation and the strength of our business model allow us to continue investing in future growth opportunities while also returning significant cash to shareholders.”

During the past five years the company returned more than $7 billion to shareholders through dividends.

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Triff ..
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