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The Minnesota-based industrial conglomerate 3M has been paying dividends and increasing them for a long...

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Finance

The Minnesota-based industrial conglomerate 3M has been paying dividends and increasing them for a long time. In 1970, 3M shareholders received dividends per share of $2.20, and 47 years later, at the end of year 2017, they received $9.44. What is the compound annual dividend growth rate over this period?

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