5 Safe Dividend Stocks with Over 3% Yield

In this article, we discuss 5 safe dividend stocks with over 3% yield. If you want our detailed analysis of these stocks, go directly to 10 Safe Dividend Stock with Over 3% Yield. 

5. 3M Company (NYSE:MMM)

US conglomerate 3M is the limelight after posting third quarter results. The company cut its guidance amid foreign currency headwinds and economic volatility and said that its revenue in the quarter was hit due to a stronger dollar. 3M posted a profit of $6.77 per share, compared to $2.45 posted in the same quarter last year. The company now expects its revenue to decline by 3.5% to 3%, compared to its earlier guidance of a decline of 2.5% to 0.5%.

Despite these temporary headwinds, 3M is one of the safest dividend stocks in the market. With a dividend yield of over 4%, it has increased its payout consistently for the past 64 years.

As of the end of the second quarter, billionaire Ken Fisher’s hedge fund was the biggest stakeholder in the company, with a stake worth over $801 million. Overall, 54 hedge funds in our database had stakes in the company at the end of June.