Conglomerate 3M(NYSE:MMM) will pay a second-quarter dividend of $0.635 per share, the same rate it paid last quarter after it increased it 7.6% from $0.59 per share, the company announced yesterday.

The board of directors said the quarterly dividend is payable on June 12 to the holders of record at the close of business on May 24. 3M has paid a dividend quarterly every year since 1977.

The regular dividend payment equates to a $2.54-per-share annual dividend yielding 2.3% based on the closing price of 3M's stock on May 14.

MMM Dividend Chart

MMM Dividend data by YCharts.

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