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Press Releases

  • 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...
  • 1/31/03 3:26 pm CST
    ST. PAUL, Minn.--(BUSINESS WIRE)--3M announced today that it will participate in the following upcoming conferences: Lehman Brothers 20th Annual Industrial Select ConferenceFeb. 5, 2003, Miami, Fla.8 a.m. Eastern timePatrick D. Campbell, senior vice president and chief financial officer Morgan Stanley Global Chemical ConferenceFeb. 12, 2003, New York, N.Y.Noon Eastern timeW. James McNerney, chairman of the board and chief executive officermore...
  • 1/31/03 2:00 am CST
    ST. PAUL, Minn.--(BUSINESS WIRE)--For running enthusiasts, winter doesn't mean being stuck indoors watching the six o'clock news from a treadmill. Many runners bundle up to brave the cold and take to the streets in the winter, but do they think about visibility? 3M Scotchlite reflective material is available on active wear to help running enthusiasts help to be seen and give them stylish choices. One of the latest fashions featuring Scotchlite reflectivemore...
  • 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...
  • 1/7/03 2:37 am CST
    ST. PAUL, Minn.--(BUSINESS WIRE)--3M announced today that it will acquire NEC Corp.'s 25 percent interest in Sumitomo 3M Limited for 45 billion Japanese Yen (approximately $375 million U.S. dollars). Upon completion of the cash transaction, 3M's interest in the joint venture will increase from 50 percent to 75 percent, with the remaining 25 percent owned by Sumitomo Electric Industries Ltd., (SEI). The acquisition is expected to close Jan. 8, 2003. Sumitomo 3Mmore...