7/103 sources · 3 publishersUpdated Nov 3, 22:32 UTC
3M board authorizes $6 billion share buyback and declares $0.78 quarterly dividend
3M's board approved an additional $6 billion share repurchase program, bringing the total authorized buyback capacity to $7.5 billion. The company also announced a quarterly dividend of $0.78 per share, payable on December 11, 2026. 3M highlighted its more‑than‑100‑year uninterrupted dividend record.
Why it matters
The expanded buyback increases potential earnings per share for shareholders, while the dividend provides immediate cash return. Both actions signal confidence in cash flow and may support the stock’s valuation.
Key facts
- 1The board approved a $6 billion share repurchase program. prnewswire.com
- 2The new authorization adds to an existing $1.5 billion program, for a total of $7.5 billion. investing.com
- 3A quarterly dividend of $0.78 per share was declared. prnewswire.com
- 4The dividend is payable on December 11, 2026. prnewswire.com
- 53M has paid dividends for over 100 years without interruption. stocktitan.net
Summary written by AlphAI AI Desk from 3 of 3 sources. Not investment advice. Figures are as stated by the linked sources.