3M Company announced its board authorized the repurchase of up to $10 billion shares, without defining a closing date. The Minnesota-based manufacturer also declared a dividend on the company’s common stock of $1.36 per share for the fourth quarter of 2018.
"The strength of 3M’s business model – which includes strong cash generation – enables us to consistently deploy capital in a way that creates the greatest value for our customers and shareholders," said Mike Roman, 3M CEO. "Our first priority remains investing in our business, and we will also continue to return significant cash to our shareholders."
