5 Boring Stocks That Pay Dividends

3. 3M Company (NYSE:MMM)

Number of Hedge Fund Holders: 52

With over six decades of consistent dividend growth, the maker of Scotch tape and Post-It is one of the ideal boring stocks that pay dividends.

Hedge funds also love this dividend stock. As of the end of the fourth quarter of 2022, 52 hedge funds tracked by Insider Money had stakes in 3M Company (NYSE:MMM), up from 49 hedge funds in the previous quarter. The total value of these hedge funds’ stakes is about $1.6 billion. The biggest stakeholder of 3M Company (NYSE:MMM) was Cliff Asness’s AQR Capital Management which owns a $221 million stake.