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Strategies & Market Trends : Dividend investing for retirement

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To: Triffin who wrote (14214)	2/5/2013 5:13:46 PM
From: Triffin	Read Replies (1) of 34328

MMM boosts quarterly dividend by 8% ===== The Board of Directors of 3M ( MMM) today declared a dividend on the company’s common stock of 63.5 cents per share for the first quarter of 2013, an 8 percent increase over the quarterly dividend paid in 2012. The dividend is payable on March 12, 2013, to shareholders of record at the close of business on February 15, 2013. This marks the company’s 55th consecutive year of 3M dividend increases, and its 96th year of continuous dividend payments. 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. “These actions reflect both our confidence in 3M’s future and our commitment to return significant cash to our shareholders,” said Inge Thulin, 3M chairman, president and CEO. Over the past ten years, the company has returned $32 billion to shareholders through a combination of dividends and share repurchases, or 89 percent of reported net income. ===== Triff ..

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