Conglomerate 3M will pay a second-quarter dividend of $0.635 per share, the same rate it paid last quarter after it increased it 7.6% from $0.59 per share, the company announced yesterday.
The board of directors said the quarterly dividend is payable on June 12 to the holders of record at the close of business on May 24. 3M has paid a dividend quarterly every year since 1977.
The regular dividend payment equates to a $2.54-per-share annual dividend yielding 2.3% based on the closing price of 3M's stock on May 14.
The article 3M Maintains Quarterly Dividend at $0.635 originally appeared on Fool.com.Fool contributor Rich Duprey has no position in any stocks mentioned. The Motley Fool recommends 3M. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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