5 Best Industrial Dividend Stocks To Buy Now

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In this article, we discuss 5 best industrial dividend stocks to buy now. If you want to read our detailed analysis of the industrial sector and its performance this year, go directly to read 11 Best Industrial Dividend Stocks To Buy Now

5. 3M Company (NYSE:MMM)

Number of Hedge Fund Holders: 54

3M Company (NYSE:MMM) is a multinational conglomerate that operates in various industries, offering a wide range of products across diverse sectors. The company currently pays a quarterly dividend of $1.50 per share and has a dividend yield of 5.82%, as of December 11. It has been growing its dividends consistently for 65 years.

As of the close of Q3 2023, 54 hedge funds in Insider Monkey’s database reported having stakes in 3M Company (NYSE:MMM), jumping from 49 in the preceding quarter. These stakes are worth over $818.6 million in total. Among these hedge funds, Citadel Investment Group was the company’s leading stakeholder in Q3.

Follow 3M Co (NYSE:MMM)

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