3M's Trading Volume Drops 33% to $498 Million, Ranks 227th in Market Despite Fifth Consecutive Day of Gains

On May 13, 2025, 3M's trading volume reached $498 million, a 33.17% decrease from the previous day, ranking 227th in the day's market. 3M (MMM) rose by 0.27%, marking its fifth consecutive day of gains, with a 9.22% increase over the past five days.

3M has reached a significant settlement with the state of New Jersey, resolving PFAS-related claims. The agreement includes a $210 million settlement for Chambers Works and other elements, as well as a $75 million allocation for existing and future PFAS-related claims by the state. This settlement addresses current and future PFAS-related issues tied to New Jersey's Chambers Works site.

Additionally, 3M will take a pre-tax charge of approximately $285 million in the second quarter of 2025, reflecting the settlement's financial impact. This charge is part of the company's ongoing efforts to resolve legacy claims and address environmental contamination issues.

In other news, 3M's Board of Directors declared a dividend of $0.73 per share for the second quarter of 2025. The dividend is payable on June 12, 2025, to shareholders of record at the close of business on May 23, 2025. This marks over 100 years of uninterrupted dividend payments to shareholders, highlighting 3M's commitment to returning value to its investors.