3M Company Increases Dividend

Another company in my DRiP portfolio, the well-known maker of PostIt, 3M Company, announced yesterday that it was increasing its quarterly dividend from $0.51 to $0.525 -- a small 3% increase. This is the 52nd consecutive year that 3M has increased its dividend.

This will have a very small impact on my dividend income for 2010, since my position in 3M is quite small at this time.