3M increases dividend for 57th consecutive year

Dividend Aristocrat 3M will raise its dividend by 19,9%.

Industrial 3M will hike its quarterly dividend from $0,855 to $1,025 per share. The dividend is payable Mar. 12, 2015, to shareholders of record at the close of business on Feb. 13, 2015. 3M has paid dividends to its shareholders without interruption for 98 years.

Currently 3M has increased its dividend for 56 years. The increased dividend payment in the first quarter of 2015 will mark the 57th year of consecutive dividend increases for 3M.

The indicated dividend yield for 3M is 2,6% based on Monday's closing price of $156,85.

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