3M’s Dividend Risk Is Rising, So Buy These 2 Higher-Yielding Alternatives
— March 1, 20233M’s earnings and guidance were terrible, with a dividend payout ratio close to 100% in 2023. 3M is trading at the lowest price in 10 years, the lowest PE in 15 years, and the highest yield in 27 years. It could potentially soar to almost 80% in 3 years, but here are two superior higher-yielding blue-chip options firing on all cylinders.
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