5 Best Diversified Dividend Stocks to Buy Now

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In this article, we discuss 5 diversified dividend stocks to buy now. If you want to read our detailed analysis of dividend stocks and their performance over the years, go directly to read 11 Best Diversified Dividend Stocks to Buy Now

5. 3M Company (NYSE:MMM)

Number of Hedge Fund Holders: 52

3M Company (NYSE:MMM) is an American multinational conglomerate company that manufactures a wide range of products belonging to different industries. In January, Mizuho maintained a Neutral rating on the stock with a $120 price target, highlighting the company’s fourth-quarter earnings.

3M Company (NYSE:MMM), one of the best dividend stocks on our list, currently offers a per-share dividend of $1.50 every quarter, having raised it by 0.7% on February 7. This increase took the company’s dividend growth streak to 65 years. The stock has a dividend yield of 5.91%, as of March 28.

Of the 973 hedge funds tracked by Insider Monkey in Q4 2022, 52 funds owned stakes in 3M Company (NYSE:MMM), up from 49 in the previous quarter. The collective value of these stakes is over $1.57 billion. AQR Capital Management was one of the company’s leading stakeholders in Q4.

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