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DewDiligence

02/10/13 7:12 AM

#6522 RE: DewDiligence #6441

3M raises dividend for 55th (!) consecutive year:

http://finance.yahoo.com/news/3m-increases-dividend-8-percent-212200528.html

The new annualized payout will be $2.54 (up from $2.36); at the current share price, the new payout represents a dividend yield of 2.5%.

3M also announced a $7.5B share-buyback program, although there is no specified time period for the buying.