5 Best Dividend Leaders to Buy According to Analysts

3. 3M Company (NYSE:MMM)

Number of Hedge Fund Holders: 62
Upside Potential as of April 4: 20.7%

3M Company (NYSE:MMM) is an American multinational conglomerate company that operates in various sectors, including healthcare, industry, electronics, and consumer goods. The company has been growing its dividends for the past 66 years and currently offers a quarterly dividend of $1.51 per share. As of April 4, the stock has a dividend yield of 6.67%.

Of the 933 hedge funds in Insider Monkey’s database at the end of Q4 2023, 62 funds held stakes in 3M Company (NYSE:MMM), growing from 54 in the preceding quarter. These stakes are valued at over $1.75 billion in total. With over 2.6 million shares, Balyasny Asset Management was the company’s leading stakeholder in Q4.

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