ST. PAUL, Minn.--(BUSINESS WIRE)--The 3M Board of Directors (NYSE:MMM) today declared a dividend on the company’s common stock of $1.11 per share for the first quarter of 2016, an 8 percent increase over the quarterly dividend paid in 2015. The dividend is payable March 12, 2016, to shareholders of record at the close of business on Feb. 12, 2016. 3M has paid dividends to its shareholders without interruption for more than 99 years.