5 Best Blue Chip Dividend Stocks

2. 3M Company (NYSE:MMM)

Number of Hedge Fund Holders: 42

Dividend Yield: 3.2%

3M Company (NYSE:MMM), an American MNC, operates in the industry, worker safety, US healthcare, and consumer goods fields. The company is renowned as one of the best blue chip dividend stocks to buy.

JPMorgan’s Stephen Tusa holds a Neutral rating on shares of 3M Company (NYSE:MMM) as of this November.

The EPS for 3M Company (NYSE:MMM) in the third quarter was $2.45, beating estimates by $0.24. The company’s revenue was $8.94 billion, beating estimates by $285.13 million. 3M Company (NYSE:MMM) has also gained 6.86% year to date and 5.64% in the past year.

Out of 873, 42 hedge funds held stakes in 3M Company (NYSE:MMM) in the second quarter, with a total stake value of $1.6 billion. Comparatively, 41 hedge funds held stakes in the company in the previous quarter, worth $1.5 billion.