5 Cheapest Dividend Aristocrats Right Now

In this article, we discuss 5 cheapest dividend aristocrats right now. If you want to read our detailed analysis of value and dividend investing, go directly to read 15 Cheapest Dividend Aristocrats Right Now. 

5. 3M Company (NYSE:MMM)

Forward P/E Ratio as of February 2: 10.91

An American multinational conglomerate, 3M Company (NYSE:MMM) is another cheapest dividend aristocrat on our list with a forward P/E ratio of 10.91. In its Q4 2022 results, the company reported revenue of $8.1 billion and its organic sales showed a 0.4% growth from the same period last year. Its operating cash flow for the quarter came in at $1.9 billion and its free cash flow amounted to $1.7 billion.

In January, Mizuho maintained a Neutral rating on 3M Company (NYSE:MMM), highlighting the company’s mixed results for the fourth quarter of 2022.

3M Company (NYSE:MMM) currently offers a per-share dividend of $1.49 every quarter. As of February 2, the company’s shares boast a yield of 4.95%. It has been raising its dividends for the past 64 years consecutively.

At the end of Q3 2022, 49 hedge funds tracked by Insider Monkey reported owning stakes in 3M Company (NYSE:MMM), down from 54 in the previous quarter. The consolidated value of these stakes is over $1.45 billion.

Mayar Capital mentioned 3M Company (NYSE:MMM) in its Q2 2022 investor letter. Here is what the firm has to say:

“We also bought back into 3M (NYSE:MMM) as the stock reached attractive levels. We’d sold our shares in 3M last year when the price exceeded our estimated fair value, and as better opportunities to invest in presented themselves at the time. Nonetheless, we’ve always liked this business with its diversified revenues, its R&D leadership and its stable margins.