3M (MMM) Declares $0.525 Quarterly Dividend; 2.5% Yield

3M (NYSE: MMM) today declared a dividend on the company's common stock of $0.525 per share, $2.10 annualized.

The dividend is payable December 12, 2010, to shareholders of record at the close of business on November 19, 2010. The ex-dividend date is November 17, 2010.

Yield on the dividend is 2.5%.

Disclosure I am long MMM shares