Item 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, 2024, there were 59,783 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 SIX Swiss Exchange. Cash dividends declared and paid totaled $1.50 and $1.49 per share for each quarter in 2023 and 2022, respectively. 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 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)
| 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, 2023 | 1,445 | $ | 113.34 | — | $ | 4,157 | ||||||||||||||||||||
| February 1 - 28, 2023 | 1,240 | 117.49 | — | 4,157 | ||||||||||||||||||||||
| March 1 - 31, 2023 | — | — | — | 4,157 | ||||||||||||||||||||||
| January 1 - March 31, 2023 | 2,685 | 115.25 | — | |||||||||||||||||||||||
| April 1 - 30, 2023 | — | — | — | 4,157 | ||||||||||||||||||||||
| May 1 - 31, 2023 | — | — | — | 4,157 | ||||||||||||||||||||||
| June 1 - 30, 2023 | — | — | — | 4,157 | ||||||||||||||||||||||
| April 1 - June 30, 2023 | — | — | — | |||||||||||||||||||||||
| July 1 - 31, 2023 | — | — | — | 4,157 | ||||||||||||||||||||||
| August 1 - 31, 2023 | — | — | — | 4,157 | ||||||||||||||||||||||
| September 1 - 30, 2023 | — | — | — | 4,157 | ||||||||||||||||||||||
| July 1 - September 30, 2023 | — | — | — | |||||||||||||||||||||||
| October 1 - 31, 2023 | — | — | — | 4,157 | ||||||||||||||||||||||
| November 1 - 30, 2023 | — | — | — | 4,157 | ||||||||||||||||||||||
| December 1 - 31, 2023 | — | — | — | 4,157 | ||||||||||||||||||||||
| October 1 - December 31, 2023 | — | — | — | |||||||||||||||||||||||
| January 1 - December 31, 2023 | 2,685 | 115.25 | — |
(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.
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