5 Best Diversified Dividend Stocks To Invest In

In this article, we discuss 5 best diversified dividend stocks to invest in. If you want to read our detailed analysis of dividend stocks and their performance over the years, go directly to read 13 Best Diversified Dividend Stocks To Invest In. 

5. 3M Company (NYSE:MMM)

Number of Hedge Fund Holders: 62

3M Company (NYSE:MMM) is an American multinational conglomerate, with operations spanning various industries and sectors. the company pays a quarterly dividend of $1.51 per share, having raised it by 0.7% in February this year. This marked the company’s 66th consecutive annual dividend hike, which makes MMM one of the best dividend stocks on our list. The stock’s dividend yield on February 21 came in at 6.62%.

Of the 933 hedge funds in Insider Monkey’s database at the end of Q4 2023, 62 funds reported having stakes in 3M Company (NYSE:MMM), up from 54 in the preceding quarter. The collective value of these stakes is over $1.75 billion. Among these hedge funds, Balyasny Asset Management was the company’s leading stakeholder in Q4.