3M Is Struggling, So Buy These 7+% Yielding Dividend Aristocrats Instead

Posted On December 8, 2022 11:39 am
By: Dividend Sensei

GE is the ultimate example of how even the “world’s greatest company” and a dividend aristocrat can fail spectacularly.

If the fundamentals decline, investors need to pay attention. MMM’s fundamentals are weakening, though its investment thesis remains intact.

MMM’s 4.7% yield combined with modest 4.8% growth offers a decent but uninspiring 9.5% long-term return potential.

3M could potentially deliver 16% returns over the next five years due to a 34% discount to fair value.

These two 7+%-yielding and faster-growing dividend aristocrats offer 2X to 3X MMM’s long-term return potential and represent strong to very strong buys today.

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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.