filings.toolsItem 5. Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities.
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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, 2020, there were 73,905 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 SWX Swiss Exchange. Cash dividends declared and paid totaled $1.44 and $1.36 per share for each quarter in 2019 and 2018, respectively.
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)
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| | | | | | Maximum | ||||||
| | | | | | | | | | Approximate | ||
| | | | | | | | | | Dollar Value of | ||
| | | | | | | | Total Number of | | Shares that May | ||
| | | | | | | | Shares Purchased | | Yet Be Purchased | ||
| | | Total Number of | | Average Price | | as Part of Publicly | | under the Plans | |||
| | | Shares Purchased | | Paid per | | Announced Plans | | or Programs | |||
| Period | | (1) | | Share | | or Programs (2) | | (Millions) | |||
| January 1-31, 2019 | 1,723,445 | | $ | 192.18 | 1,723,187 | | $ | 9,065 | | ||
| February 1-28, 2019 | 1,052,365 | | $ | 204.91 | 1,048,301 | | $ | 8,850 | | ||
| March 1-31, 2019 | 355,200 | | $ | 204.83 | 355,200 | | $ | 8,777 | | ||
| Total January 1-March 31, 2019 | 3,131,010 | | $ | 197.89 | 3,126,688 | | $ | 8,777 | | ||
| April 1-30, 2019 | — | | $ | — | — | | $ | 8,777 | | ||
| May 1-31, 2019 | 1,172,572 | | $ | 170.30 | 1,172,572 | | $ | 8,578 | | ||
| June 1-30, 2019 | 1,197,673 | | $ | 169.25 | 1,197,673 | | $ | 8,375 | | ||
| Total April 1-June 30, 2019 | 2,370,245 | | $ | 169.77 | 2,370,245 | | $ | 8,375 | | ||
| July 1-31, 2019 | | 240,464 | | $ | 173.41 | | 240,358 | | $ | 8,333 | |
| August 1-31, 2019 | | 333,679 | | $ | 161.29 | | 332,239 | | $ | 8,280 | |
| September 1-30, 2019 | | 276,127 | | $ | 166.25 | | 276,127 | | $ | 8,234 | |
| Total July 1-September 30, 2019 | | 850,270 | | $ | 166.33 | | 848,724 | | $ | 8,234 | |
| October 1-31, 2019 | 279,237 | | $ | 161.31 | 279,237 | | $ | 8,189 | | ||
| November 1-30, 2019 | 322,500 | | $ | 170.75 | 322,500 | | $ | 8,134 | | ||
| December 1-31, 2019 | 358,079 | | $ | 171.49 | 358,079 | | $ | 8,072 | | ||
| Total October 1-December 31, 2019 | 959,816 | | $ | 168.28 | 959,816 | | $ | 8,072 | | ||
| Total January 1-December 31, 2019 | 7,311,341 | | $ | 181.22 | 7,305,473 | | $ | 8,072 | |
| (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. |
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| (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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