The Board of Directors of 3M approved the authorization for the repurchase of up to $12 billion of 3M’s outstanding common stock. The authorization replaces the company’s existing repurchase program and has no pre-established closing date. As announced on Dec. 17, 2013, 3M declared a dividend on the company’s common stock of 85.5 cents per share for the first quarter of 2014, a 35% increase over the quarterly dividend paid in 2013. The dividend is payable March 12, 2014, to shareholders of r...