3M Board Approves New $6 Billion Share Repurchase Authorization and Declares Quarterly Dividend

3M's board has approved a new $6 billion share repurchase authorization, which adds to the $1.5 billion remaining under its existing 2025 buyback program, bringing total repurchase capacity to $7.5 billion. The board also declared a quarterly cash dividend alongside the buyback announcement.

One outlet, Seeking Alpha, reported the authorization as $7.5 billion, a figure that likely reflects the combined capacity of the new program and the remaining balance from the prior authorization rather than the new standalone approval of $6 billion confirmed by multiple other sources including the company's own statement.