10 Best Value Dividend Stocks to Buy According to Billionaires

6. 3M Company (NYSE:MMM)

Number of Billionaire Holders: 17

Forward P/E Ratio as of April 13: 17.42

3M Company (NYSE:MMM) is a Minnesota-based multinational conglomerate that operates in a wide range of industries. The stock is outperforming the broader market this year, surging by nearly 5% since the start of 2025. In the past 12 months, MMM has delivered a nearly 49% return to shareholders. The rise signals growing investor confidence in CEO Bill Brown’s strategy to steer the company back on track. Several challenges are already showing signs of progress, and where that’s not yet the case, Brown has set plans in motion. For instance, the healthcare division was spun off into a new company called Solventum last year. In addition, 3M has reached settlements related to PFAS and combat earplugs, providing both management and shareholders with greater clarity regarding future financial obligations.

In the fourth quarter of 2024, 3M Company (NYSE:MMM) reported revenue topping $6 billion, beating Wall Street forecasts by $157 million. The firm has recently focused on reinforcing its core business segments, with innovation continuing to play a central role. Investments in exclusive technologies and patents have helped sharpen its competitive advantage. Meanwhile, steps to boost efficiency—particularly within the supply chain—have led to a 70% improvement in suppliers meeting delivery timelines. The company’s ability to manage regulatory issues and ongoing legal matters has also contributed to its financial resilience and investor trust. With a forward P/E ratio of 17.42, MMM is one of the best value stocks to monitor.

3M Company (NYSE:MMM) also maintained a healthy cash flow throughout FY24, generating $1.8 billion from operations and $4.9 billion in free cash. During the year, it returned $3.8 billion to shareholders through a mix of dividends and stock buybacks. Notably, on February 4, the company raised its quarterly dividend by 4.3% to $0.73 per share—the first increase since halving the payout in May of the previous year. The stock has a dividend yield of 2.15%, as of April 13.