3M is raising its quarterly dividend by 35 percent, sending its share price higher in premarket trading. The company, which makes items including Post-it notes, reflective coatings for signs, and glues and adhesives, said it is raising its dividend to 85.5 cents per share from 63.5 cents per share.
Target Corp. is increasing its quarterly dividend by 19.4 percent. The Minneapolis-based retailer on Wednesday declared a quarterly dividend of 43 cents per share, up from 36 cents per share. The dividend is payable Sept. 10 to shareholders of record as of Aug. 21.
Food maker General Mills says its board has approved an 8 percent increase to its dividend.
Best Buy says it is raising its dividend by a penny per share to 17 cents.
Target Corp. raised its quarterly dividend Wednesday by 5 cents to 30 cents as it sought to placate investors after a 22 percent decline in its stock price this year.
UnitedHealth Group says it will raise its quarterly dividend 30 percent to 16.25 cents starting in June, about a year after it became the first large health insurer to start rewarding shareholders with a quarterly payout.
U.S. Bancorp says its board of directors has declared a new quarterly dividend and approved a plan for the company to buy back up to 50 million of its shares.
Medical device maker St. Jude Medical Inc. said Monday its board of directors approved the start of a regular quarterly cash dividend of 21 cents per share.