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, 2025, there were 56,791 shareholders of record. 3M’s stock ticker symbol is MMM and is listed on the New York Stock Exchange, Inc. (NYSE), NYSE Chicago, and the SIX Swiss Exchange. Cash dividends declared and paid totaled $1.51 per share for the first quarter of 2024; $0.70 per share for each of the second, third, and fourth quarters of 2024; and $1.50 per share for each quarter in 2023. 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 February 2025, 3M’s Board of Directors replaced the Company’s February 2018 repurchase program with a new repurchase program. This new program authorizes the repurchase of up to $7.5 billion of 3M’s outstanding common stock, with no pre-established end date.
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Table of Contents
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, 2024
— $ — — $ 4,157
February 1 - 29, 2024
— — — 4,157
March 1 - 31, 2024
— — — 4,157
January 1 - March 31, 2024
— — —
April 1 - 30, 2024
2,177,941 91.82 2,177,941 3,957
May 1 - 31, 2024
— — — 3,957
June 1 - 30, 2024
1,992,549 100.36 1,992,549 3,757
April 1 - June 30, 2024
4,170,490 95.90 4,170,490
July 1 - 31, 2024
— — — 3,757
August 1 - 31, 2024
2,943,166 127.23 2,943,166 3,382
September 1 - 30, 2024
2,244,738 132.23 2,244,738 3,085
July 1 - September 30, 2024
5,187,904 129.39 5,187,904
October 1 - 31, 2024
3,832,028 132.13 3,832,028 2,579
November 1 - 30, 2024
1,483,013 131.30 1,483,013 2,384
December 1 - 31, 2024
— — — 2,384
October 1 - December 31, 2024
5,315,041 131.90 5,315,041
January 1 - December 31, 2024
14,673,435 120.78 14,673,435
(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.
Item 6. [Reserved]
Text extracted from the filing as submitted to EDGAR. Formatting, tables and exhibits are simplified for reading; the is authoritative for anything you rely on.