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3M Is A Table Pounding Buy But So Are These 3 Higher-Yielding Blue-Chip Alternatives

3M Is A Table Pounding Buy But So Are These 3 Higher-Yielding Blue-Chip Alternatives

Posted On September 6, 2022 11:06 am
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3M crashed 10% on August 27th on news that its legal maneuver to neutralize its earplug liabilities was rejected by a Federal judge. It’s appealing the decision.

The legal overhang could last for years, though the final settlement will almost certainly be far below the worst-case scenarios.

3M’s investment thesis remains intact but it isn’t likely to return to fair value for quite some time.

3M is 38% historically undervalued, trading at 9.2X cash-adjusted earnings, and could deliver 17% annual returns within 5 years and 12.2% annual returns long term.

Here are 3 superior high-yielding blue-chip alternatives with higher safe yields, and greater long-term return potential.

Buying all three together (or combined with 3M) results in lower fundamental risk, superior returns, lower volatility, and can help you sleep well at night in all economic and market conditions.

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About author

Dividend Sensei

I'm an Army veteran and former energy dividend writer for The Motley Fool. I'm a proud co-founder of Wide Moat Research, Dividend Kings, and the Intelligent Dividend Investor. My work can be found on Seeking Alpha, Dividend Kings, iREIT, and the Intelligent Dividend Investor. My goal is to help all people learn how to harness the awesome power of dividend growth investing to achieve their financial dreams and enrich their lives. With 24 years of investing experience, I've learned what works and more importantly, what doesn't, when it comes to building long-term wealth and income streams and achieving long-term financial goals.

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