5 Highest Dividend Stocks on Cash App

3. 3M Company (NYSE:MMM)

Dividend Yield as of December 18: 5.61%

Minnesota-based multinational conglomerate, 3M Company (NYSE:MMM) is mainly recognized for its innovations in a wide range of products. The company’s products range from everyday consumer items like Post-it Notes and Scotch tape to critical solutions used in industries such as healthcare, automotive, manufacturing, and electronics. It has been raising its dividends consistently for 65 years and it offers a quarterly dividend of $1.50 per share. As of December 18, the stock has a dividend yield of 5.61%.

Of the 910 hedge funds in Insider Monkey’s database at the end of Q3 2023, 54 funds owned stakes in 3M Company (NYSE:MMM), up from 49 in the preceding quarter. These stakes are worth over $818.6 million in total.

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