Key Takeaways3M exceeded estimates for profit and sales in the first quarter while saying that its spinoff of health care unit Solventum means it won't be increasing its dividend. The multinational conglomerate said its dividend would now be based on its free cash flow, which is expected to lower the amount of payouts after six decades of annual increases.Despite that, shares of 3M rose to their highest level in more than a year on its streamlining efforts. Shares of 3M (MMM) climbed as the streamlined mult ...