3M declares quarterly dividend

The board of directors of 3M on Tuesday declared a dividend on the company’s common stock of 50 cents a share for the second quarter of 2008, payable June 12, to shareholders of record at the close of business on May 23. This cash dividend is the 367th consecutive quarterly dividend paid by 3M.

As of March 31, 3M had 704,287,501 common shares outstanding and 121,209 shareholders of record.

3M operates its largest North American manufacturing plant in Hutchinson, where it employs approximately 1,500 people.