5 Best Blue Chip Dividend Stocks To Buy

3. 3M Company (NYSE:MMM)

Number of Hedge Fund Holders: 51
Dividend Yield as of May 23: 5.85%

3M Company (NYSE:MMM) is an American manufacturer of a broad range of products. The company has been raising its dividends consistently for the past 65 years, which makes it one of the best dividend stocks on our list. It pays a quarterly dividend of $1.50 per share for a dividend yield of 5.85%, as of May 23.

At the end of Q1 2023, 51 hedge funds in Insider Monkey’s database owned stakes in 3M Company (NYSE:MMM), worth collectively $697.3 million.

Follow 3M Co (NYSE:MMM)