5 Best Long-Term Dividend Stocks to Buy and Hold

4. 3M Company (NYSE: MMM)

Number of Hedge Funds: 44

Value of Hedge Fund Holdings: $1.3 billion

3M Company is an industrial giant that makes equipment and products related to personal safety, industrial adhesives, abrasives, closure and masking, car parts, display materials and aerospace solutions. The company has increased its dividend for over 60 consecutive years. 3M shares are up about 12% over the last 12 months. 3M recently expanded its deal with Peter Thiel’s data mining company Palantir’s (NYSE:PLTR) to use the latter’s Foundry platform to support its digital transformation.

The company’s CEO recently said that Q4 was “extraordinary” for the company. See 3M’s results here.