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Tuesday, February 12, 2008

Some good financial news, at least if you own some 3M stock

Star Tribune Tue, 12 Feb 2008 02:11:42 GMT
Local business briefs

3M declares 50th annual dividend increase 3M Co., maker of 50,000 products from Post-it Notes to electronic road signs, said its board raised the quarterly dividend 4.2 percent, to 50 cents a share. The raise was the company's 50th straight annual dividend increase. The dividend is payable March 12 to shareholders of record at the close of business Feb. 22, the Maplewood-based company said in a prepared statement. Last year's increase brought the dividend to 48 cents. 3M spent $4.6 billion on dividends and share buybacks last year.

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