5 Highest Dividend-Paying Stocks in the S&P 500

In this article, we discuss 5 highest dividend-paying stocks in the S&P 500. If you want to read our detailed analysis of high-dividend stocks and their performance over the years, go directly to read 10 Highest Dividend-Paying Stocks in the S&P 500. 

5. 3M Company (NYSE:MMM)

Dividend Yield as of March 12: 6.43%

3M Company (NYSE:MMM) is an American multinational conglomerate that operates in several sectors, including industry, healthcare, consumer goods, and safety and graphics. The company has been growing its dividends for the past 66 years and currently pays a quarterly dividend of $1.51 per share. The stock offers a dividend yield of 6.43%, as of March 12, which makes MMM one of the best dividend stocks with high yields.

The number of hedge funds owning stakes in 3M Company (NYSE:MMM) jumped to 62 in Q4 2023, from 54 in the previous quarter, according to Insider Monkey’s database. The overall value of these stakes is over $1.75 billion. With over 2.6 million shares, Balyasny Asset Management was the company’s leading stakeholder in Q4.