Dow Jones Industrial Average (DJIA) is a stock market index that has yet to see some more important bonuses within the company and this was anticipated by 24/7 Wall St. in December. The two companies, 3M Co. (NYSE:MMM) as well as Boeing Co. (NYSE:BA), which are components of Dow Jones Industrial Average (DJIA) declared rise in their dividends.

3M (NYSE:MMM) or Minnesota Mining and Manufacturing Company is an American multinational corporation. It is a diversified technology company with a range of products. Some of the fields in which the company operates include dental and orthodontic products, medical or Health care equipment; it manufactures products related to car-care or automotive equipment. It also deals with paper and printing as well as food and beverage. The company also deals with safety and Graphics which takes care of the people’s security and productivity. Other fields in which 3M (NYSE:MMM) deals in include telecommunications networks, electronic products, power generation as well as its distribution. The company operates in more than 65 countries, which include national as well as international franchises.

3M (NYSE:MMM) has scheduled a yearly meeting on December 16, 2014; for contemplating future views for 2015. Last year, the company had chosen this forum to announce its premium payouts hike. The premium was increased 20% for the 2015’s first quarter, which led to a total of $1.025 per share.  The amount was to be paid in March 2015. 3M (NYSE:MMM) saw a premium boost of 35% in the year 2013.

The company’s CEO, G. Thulin said at a conference that it is the strength of 3M’s (NYSE:MMM) business model as well as the efforts of the scientists working at 3M (NYSE:MMM), which generates premium and sustainable value not only for the customers but for the shareholders as well. He further said that the company is delivering strong results quarter to quarter and it is on track to meet the long-term financial targets that the company has set for itself.

24/7 Wall St. had anticipated on December 1^st that 3M’s (NYSE:MMM) premium hike would increase from $0.855 to somewhere between $0.90 – $0.95 per share.

What is interesting to note is that 3M (NYSE:MMM) in February had declared a $12 billion stock buyback plan. By 28^th November 2014, 3M (NYSE:MMM) had more than 636 million common shares, which were outstanding, and by 12^th December 2014 the number of the company’s shareholders was 88,013.

As per Monday’s trading period 3M’s (NYSE:MMM) shares closed down below 1% to $156.85. The analysts had expected the stock price of $156.14 and a 52 week trading range was calculated to be $123.61 to $162.92.

The numbers indicate that 3M’s (NYSE:MMM) stock results exceeded the expectations of the analysts and therefore has benefitted Dow Jones Industrial Average (DJIA) stocks as well. The company is expected to do good in the upcoming year as well. Thulin’s positive words are a clear indication that he has high hopes for the company’s future. However, next quarterly results will show whether Thulin’s expectations will be met or not.