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Earnings and Dividends

  • 2/9/04 4:37 pm CST

    - Action Marks 350th Consecutive Quarterly Dividend, 46th Annual Increase -

    ST. PAUL, Minn.--(BUSINESS WIRE)--3M (NYSE:MMM) today announced a quarterly dividend of 36 cents per share on 3M common stock, payable March 12, to shareholders of record on Feb. 20, a 9.1 percent increase over the 33 cent dividend 3M paid quarterly in 2003. The announcement marks the company's 350th consecutive quarterly dividend paid and the 46th consecutive year of 3M dividend increases. "3M has a long history of offering shareholders an attractive return onmore...
  • 1/20/04 6:29 am CST
    ST. PAUL, Minn.--(BUSINESS WIRE)--3M (NYSE:MMM) today announced its sales and earnings results for fourth quarter and full year 2003. Net income for the quarter was $619 million, or $0.77 per share, versus $511 million, or $0.65 per share, in the fourth quarter of 2002. Net income and per-share earnings increased 21.3 percent and 18.5 percent, respectively. "Solid execution of both growth and productivity plans characterized the fourth quarter," said W.more...
  • 11/10/03 3:32 am CST
    ST. PAUL, Minn.--(BUSINESS WIRE)--3M (NYSE:MMM) announced today a quarterly dividend of 33 cents per share, payable Dec. 12, 2003, to shareholders of record on Nov. 21, 2003. The dividend amount is consistent with prior 2003 quarters taking into account the two-for-one stock split, which took place Sept. 29. This marks the 349th consecutive quarterly dividend on 3M stock. 3M's Board of Directors also authorized the repurchase of up to $1.5 billion of the company's stockmore...
  • 10/20/03 6:31 am CDT
    ST. PAUL, Minn.--(BUSINESS WIRE)--3M (NYSE:MMM) today announced its sales and earnings results for third quarter 2003. Net income for the quarter was $663 million, or $0.83 per share, versus $545 million, or $0.69 per share, in the third quarter of 2002. Net income and per-share earnings increased 21.6 percent and 20.3 percent, respectively (a). "Our employees are connecting with customers like never before," said W. James McNerney, Jr., 3M chairman andmore...
  • 7/21/03 6:29 am CDT
    ST. PAUL, Minn.--(BUSINESS WIRE)--3M (NYSE:MMM) today announced its sales and earnings results for second quarter 2003. The company reported net income of $619 million, or $1.56 per share, versus $466 million, or $1.18 per share, in the second quarter of 2002. Excluding special items(a) in the second quarter of 2002, net income increased 14.8 percent from $539 million last year, and earnings per share increased 14.7 percent from $1.36 per share in last year's secondmore...
  • 5/13/03 5:01 pm CDT
    ST. PAUL, Minn.--(BUSINESS WIRE)--3M Co. today announced a quarterly dividend of 66 cents per share, payable June 12 to shareholders of record on May 23. This is the 347th consecutive quarterly dividend on 3M stock. As of March 31, the company had 390,833,851 common shares outstanding and 123,943 shareholders of record. Forward-Looking Statements This news release contains forward-looking statements that reflect current views and estimates of 3Mmore...
  • 4/21/03 6:30 am CDT
    ST. PAUL, Minn.--(BUSINESS WIRE)--3M (NYSE:MMM) today announced its sales and earnings results for first quarter 2003. The company reported net income of $502 million, or $1.27 per share, versus $452 million, or $1.14 per share, in the first quarter of 2002. Excluding special items(a), 3M earned $1.42 per share, up 15.4 percent from $1.23 per share in last year's first quarter. Net income, excluding special items(a), was $560 million versus $487 million in themore...
  • 2/10/03 5:14 pm CST
    ST. PAUL, Minn.--(BUSINESS WIRE)--3M (NYSE:MMM) today announced it will increase its quarterly dividend on 3M common stock by 4 cents per share, or 6.5 percent, to 66 cents per share. At this time last year, the company increased the quarterly dividend by 2 cents per share, or 3.3 percent. The dividend is payable March 12 to shareholders of record on Feb. 21. "3M has a long history of offering shareholders an attractive return on their investment," said W. Jamesmore...
  • 1/21/03 2:00 am CST
    ST. PAUL, Minn.--(BUSINESS WIRE)--3M (NYSE:MMM) today announced its sales and profit results for the fourth quarter and calendar year 2002. The company reported fourth quarter net income of $511 million, or $1.29 per share, versus $381 million, or $0.96 per share, in the fourth quarter of 2001. Excluding non-recurring items (a) in the fourth quarter of 2001, net income increased 31.8 percent from $387 million in the year-earlier quarter. Required changes in goodwillmore...