3M (NYSE:MMM) is a big fan of its own stock. The Dow giant just announced a new $12 billion share repurchase plan that management says demonstrates the company's "commitment to returning significant cash to shareholders."
In the video below, Fool contributor Demitrios Kalogeropoulos talks about how the new plan fits into 3M's overall capital-return program, noting that the company has heavily favored share buybacks over dividends lately. Still, a recent 35% boost to its dividend payout starting in March should help bring those goals closer to balance in 2014.
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Demitrios Kalogeropoulos has no position in any stocks mentioned. The Motley Fool recommends 3M. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.