5 Dividend Stocks With Growth Potential

1. 3M Company (NYSE:MMM)

Number of Hedge Fund Holders: 46

Dividend Yield: 3.3%

Number of Years of Dividend Growth: 63

3M Company (NYSE:MMM) is an American corporation operating in the industry, worker safety, healthcare, and consumer goods sectors. The company has consistently raised its dividend for 63 years and is among the best dividend stocks with the potential to grow.

As of this November, JPMorgan analysts have a Neutral rating on shares of 3M Company (NYSE:MMM).

The company’s third quarter report shows an EPS of $2.45, beating estimates by $0.24. The revenue was $8.94 billion, beating estimates by $285.13 million. 3M Company (NYSE:MMM) has also gained 2.12% year to date and 1.62% in the past year.

Out of 867 hedge funds, 46 held stakes in 3M Company (NYSE:MMM) in the third quarter, worth $1.6 billion. In the second quarter, 42 hedge funds held stakes in the company worth $1.5 billion.

See also 10 Best 3D Printing Stocks to Buy Now and 10 Best Dividend Stocks to Buy According to Billionaire Howard Marks.

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