3M Expands Share Repurchase Program to $7.5 Billion and Declares Q4 Dividend
3M (MMM) has significantly expanded its capital return program by authorizing an additional $6 billion for share repurchases. This new authorization is added to the remaining $1.5 billion from its existing 2025 mandate, bringing the total available buyback capacity to $7.5 billion. In addition to the increased repurchase authority, the company's board has declared a fourth-quarter dividend of $0.78 per common share. These moves signal management's commitment to returning value to shareholders through aggressive capital allocation strategies.
Tickers: $MMM
Topics: capital allocation dividend declaration stock buyback