3M sets year’s biggest U.S. buyback plan, raises dividend

(Reuters) – 3M Co, whose products range from Post-It notes to films used in flat-panel TVs, said it could buy back up to $22 billion of shares in the five years through 2017, joining a list of companies announcing big capital returns to shareholders. The stock, which hit an all-time high of $134.15 in November, has risen by more than a third this year.

    

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