Item 5. Market for Registrant’s Common Equity
Item 5. Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities
Equity compensation plans’ information is incorporated by reference from Part III, Item 12, “Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters,” of this document, and should be considered an integral part of Item 5. At January 31, 2024, there were 59,783 shareholders of record. 3M’s stock ticker symbol is MMM and is listed on the New York Stock Exchange, Inc. (NYSE), the Chicago Stock Exchange, Inc., and the SIX Swiss Exchange. Cash dividends declared and paid totaled $1.50 and $1.49 per share for each quarter in 2023 and 2022, respectively. 3M typically declares and pays dividends in the same quarter.
Issuer Purchases of Equity Securities: Repurchases of 3M common stock are made to support the Company’s stock-based employee compensation plans and for other corporate purposes. In November 2018, 3M’s Board of Directors replaced the Company’s February 2016 repurchase program with a new repurchase program. This new program authorizes the repurchase of up to $10 billion of 3M’s outstanding common stock, with no pre-established end date.
Issuer Purchases of Equity Securities (registered pursuant to Section 12 of the Exchange Act)
Period Total Number of Shares Purchased (1) Average Price Paid per Share Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs (2) Maximum Approximate Dollar Value of Shares that May Yet Be Purchased under the Plans or Programs (Millions)
January 1 - 31, 2023
1,445 $ 113.34 — $ 4,157
February 1 - 28, 2023
1,240 117.49 — 4,157
March 1 - 31, 2023
— — — 4,157
January 1 - March 31, 2023
2,685 115.25 —
April 1 - 30, 2023
— — — 4,157
May 1 - 31, 2023
— — — 4,157
June 1 - 30, 2023
— — — 4,157
April 1 - June 30, 2023
— — —
July 1 - 31, 2023
— — — 4,157
August 1 - 31, 2023
— — — 4,157
September 1 - 30, 2023
— — — 4,157
July 1 - September 30, 2023
— — —
October 1 - 31, 2023
— — — 4,157
November 1 - 30, 2023
— — — 4,157
December 1 - 31, 2023
— — — 4,157
October 1 - December 31, 2023
— — —
January 1 - December 31, 2023
2,685 115.25 —
(1) The total number of shares purchased includes: (i) shares purchased under the Board’s authorizations described above, and (ii) shares purchased in connection with the exercise of stock options.
(2) The total number of shares purchased as part of publicly announced plans or programs includes shares purchased under the Board’s authorizations described above.
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Item 6. [Reserved]
Text extracted from the filing as submitted to EDGAR. Formatting, tables and exhibits are simplified for reading; the original document is authoritative for anything you rely on.