3M offers a very solid DRIP plan for DRIP investors. All purchase and dividend reinvestment fees are paid by the company and optional cash purchases can be made on a monthly basis. The company does not currently offer a direct enrollment option for non-shareholders, so those interested will need to own at least one share of 3M stock to be eligible.
Investor Contact Information:
Transfer Agent: EQ Shareowner Services
Mail: P.O. Box 64856
St. Paul, MN 55164
Phone: 800-401-1952
IR website
* By clicking this button you will initiate a share purchase request to other FirstShare community members.
2012 | 2013 | 2014 | 2015 | 2016 | 2017 | |
---|---|---|---|---|---|---|
Dividend | $2.36 | $2.54 | $3.42 | $4.10 | $4.44 | $4.70 |
Annual Increase | 7.3% | 7.6% | 34.6% | 19.9% | 8.3% | 5.9% |
DRIP Plan Summary: | Fees/Investment Options |
---|---|
Consecutive Years of Higher Dividends: | 59 |
Purchase Fee: | None (paid by 3M0) |
Dividend Reinvestment Fee: | None (paid by 3M0) |
Discount on Reinvested Dividends: | None |
Direct Enrollment (DE): | No |
DE Minimum Investment: | NA |
Optional Cash Purchase: | Yes |
OCP Minimum: | $10/transaction |
OCP Maximum: | $10,000/qtr. |
OCP Purchase Frequency: | Weekly |
Transfer Agent: | Wells Fargo |