3M Board Increases Dividend 6 Percent

ST. PAUL, Minn.–(BUSINESS WIRE)–The 3M Board of Directors (NYSE:MMM) today declared a dividend on the
company’s common stock of $1.44 per share for the first quarter of 2019,
a 6 percent increase over the quarterly dividend paid in 2018. The
dividend is payable March 12, 2019, to shareholders of record at the
close of business on Feb. 15, 2019.

The strength of our business model enables 3M to consistently generate
premium margins and strong cash flow, and to build on the company’s long
history of returning cash to our shareholders,” said Mike Roman, 3M
chief executive officer.

3M has increased its dividend for 61 consecutive years and paid
dividends to its shareholders without interruption for more than 100
years.

As of Dec. 31, 2018, 3M had 576,575,168 common shares outstanding and
76,757 shareholders of record.

About 3M
At 3M, we apply science in collaborative ways to
improve lives daily. With $33 billion in sales, our 93,000 employees
connect with customers all around the world. Learn more about 3M’s
creative solutions to the world’s problems at www.3M.com
or on Twitter @3M or @3MNews.

Contacts

3M
Investor Contacts:
Bruce Jermeland, 651-733-1807
or
Tony
Riter, 651-733-1141
Media Contact:
Lori Anderson, 651-733-0831

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