3M increases dividend for 65th consecutive year: https://finance.yahoo.com/news/3m-board-declares-quarterly-dividend-215700658.html The quarterly increase was only a penny—from $1.49 to $1.50—so it’s pretty clear that the raise is mainly to keep the streak alive. At the current share price ($116.90), the new annualized payout of $6.00 is a yield of 5.1%.