IHS Chemical Week

People & Business :: Earnings/Finance

3M launches large share buyback, raises dividend

3:03 PM MST | February 5, 2013 | Vincent Valk

3M’s board has authorized a share repurchase of up to $7.5 billion, or 10.8% of the company’s market cap as of 5 February. The share repurchase does not have a closing date. 3M shares were trading at about $101 as of the market close on 5 February, and the company has about 687 million shares outstanding.   3M has also authorized a 63.5 cts/share dividend, payable on 12 March to shareholders as of 15 February. The new dividend represents an 8% increase in 3M’s dividend payments, the company says. 3M currently has 96,719 shareholders of...

This information is only available to Chemical Week subscribers.


Forgot your user ID or password?
Click here to have it sent to you.

Not an IHS Chemical Week subscriber yet?

Here's why you should be:

  • 31 issues of Chemical Week magazine a year in print or digital format
  • Real time news and analysis on chemweek.com 
  • 20+ years of online archives
  • Topical e-newsletters that capture the most impactful events
  • Special issues with a regional or company focus
  • Global Outlook issue

Subscribe now


contact us | about us | privacy policy | sitemap

ihsCopyright © IHS, Inc.All rights reserved.Reproduction in whole or in part without permission is prohibited.

North Asia Russia Southeast Asia China India/Pakistan Middle East Eastern Europe Western Europe Central America Canada USA Australia/New Zealand South America Africa