3M gives 2015 earnings outlook; boosts dividend

Published 10:23 am Tuesday, December 16, 2014

ST. PAUL — 3M anticipates its 2015 earnings will be in range of analysts’ estimates. The diversified manufacturer is also raising its dividend by 20 percent for 2015’s first quarter.

3M, which makes Post-it notes, industrial coatings and ceramics, said Tuesday that it expects 2015 earnings between $8 and $8.30 per share. Analysts polled by FactSet predict earnings of $8.20 per share.

3M Co. also said that it’s on track to achieve its long-term financial targets. It is looking to increase its earnings per share 9 percent to 11 percent per year, on average, for 2013 through 2017.

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3M, which is based in St. Paul, Minnesota, declared a dividend of $1.025 per share for 2015’s first quarter.