3M raises dividend for 59th consecutive year

Industrial conglomerate 3M (MMM) will raise its dividend by 5.9%.

The Dividend Aristocrat will increase its quarterly dividend to $1.175 per share.

The dividend is payable March 12, 2017, to shareholders of record at the close of business on Feb. 17, 2017.

This marks the 59th consecutive year 3M has increased its dividend. The company has paid dividends to its shareholders without interruption for 100 years.

Nexcare is a 3M brand

3M Company is a technology company which operates in electronics, telecommunications, industrial, consumer and office, health care, safety, and other markets. Its products include adhesives, abrasives, laminates, passive fire protection, dental and orthodontic products, electronic materials, medical products, car-care products, electronic circuits, and optical films.