3M Shares Rise Slightly On Dividend Hike, Share Buyback Plan

By Wallace WitkowskiMarketWatch Pulse

3M Co. shares ticked higher in the extended session Tueday after the company hiked its dividend and announced a share buyback program. 3M shares advanced 0.8% to $149.10. The company said its board increased the quarterly dividend 8% to $1.11 a share. The dividend will be paid March 12 to shareholders as of Feb. 12. 3M's board also authorized up to $10 billion in shares repurchases.

Copyright © 2016 MarketWatch, Inc.

Continue Reading Below