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3M raises the dividend for the 60th consecutive year | News

Thursday, January 25th, 2018 | bitcoin updates

American industrial group 3M Co. (ISIN: US88579Y1010, NYSE: MMM) will increase its quarterly dividend by 16 percent to $ 1.36. Extrapolated to the year will therefore be distributed in the future 5.44 US dollars. The current dividend yield at the current market price of 247.69 US dollars at 2.20 percent (as of January 24, 2018).
It is the 60th annual dividend increase in continuous succession. The payment of the next quarterly dividend will take place on March 12, 2018 (Record day: February 16, 2018). The St. Paul, Minn., Company has been continuously paying a dividend to its shareholders for over 100 years.
The group also announced its annual figures on Thursday. For the fiscal year 2017, revenue was $ 31.7 billion ($ 30.1 billion in the previous year), with net revenues of $ 4.86 billion ($ 5.06 billion) ). The core products of the conglomerate include the brands Post-It and Scotch. It employs around 91,000 people.
Since the beginning of 2018, the stock on Wall Street with 5.23 percent in the plus and the current market capitalization is 147.53 billion US dollars (as of January 24, 2018). The value is listed in the Dow Jones Index.
Editorial office MyDividends.de

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