5 Best Dividend Stocks Paying Over 6%

2. 3M Company (NYSE:MMM)

Number of Hedge Fund Holders: 54
Dividend Yield as of November 23: 6.29%

3M Company (NYSE:MMM), commonly known as 3M, is a diversified multinational conglomerate that operates across various sectors, offering a wide range of products and services. The company has been raising its dividends for the past 65 years and currently pays a quarterly dividend of $1.50 per share. The stock’s dividend yield on November 23 came in at 6.29%.

At the end of Q3 2023, 54 hedge funds tracked by Insider Monkey reported having stakes in 3M Company (NYSE:MMM), up from 49 in the preceding quarter. The total value of these stakes is over $818.6 million. With over 1.5 million shares, Citadel Investment Group was the company’s leading stakeholder in Q3.

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