Dividend Aristocrat 3M (MMM) will hike its quarterly dividend by 19.9 percent to $1.025 per share next year. The next dividend is payable Mar. 12, 2015, to shareholders of record at the close of business on Feb. 13, 2015. 3M has paid dividends to its shareholders without interruption for 98 years.

Currently 3M has increased its dividend for 56 years. The increased dividend payment in the first quarter of 2015 will mark the 57th year of consecutive dividend increases for 3M. The indicated dividend yield for 3M is 2.6% based on Monday's closing price of $156.85.

3M Company is a technology company which operates in electronics, telecommunications, industrial, consumer and office, health care, safety, and other markets.  The company's business segments are Industrial; Safety and Graphics; Health Care; Electronics and Energy; and Consumer. 3M's products include adhesives, abrasives, laminates, passive fire protection, dental and orthodontic products, electronic materials, medical products, car-care products, electronic circuits, and optical films. 3M Company (formerly Minnesota Mining and Manufacturing Company) was incorporated in 1929 under the laws of the State of Delaware to continue operations begun in 1902.