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3M: Fifty-Nine Years of Dividend Increases February 9, 2017

Joseph Sroka, CFA, CMT Chief Investment Officer, NovaPoint Capital LLC jsroka@novapointcapital.com The Board of Directors of 3M (ticker: MMM) announced an increase in the quarterly cash dividend on the company’s common stock to $1.175 per share from $1.11, a 5.9% increase.  This is the 59th consecutive year the company has raised its dividend. 3M is one of the stock holdings in NovaPoint Capital’s Dividend Growth Strategy.  Our Strategy seeks to own high-quality, dividend-paying stocks with a track record of annual…

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