ST. PAUL, Minn. - The 3M Company (NYSE:MMM), a diversified technology firm, has announced a quarterly dividend of $1.51 per share for the first quarter of 2024. This dividend is payable on March 12, 2024, to shareholders of record at the close of business on February 16, 2024. The declaration continues the company's long-standing tradition of delivering shareholder returns, having done so consistently for over a century.
As part of its strategic initiatives, 3M is making progress on the spin-off of its Health Care business, which is anticipated to be completed in the first half of 2024, subject to customary conditions and regulatory approvals. This move is aimed at creating two independent companies, each focused on their specific growth strategies and capital allocation to enhance shareholder value.
As of December 31, 2023, 3M reported having 552,581,136 common shares outstanding and 59,969 shareholders of record.
The information in this article is based on a press release.
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