1 Dividend Stock Down 53% You'll Regret Not Buying on the Dip

By Parkev Tatevosian, CFA – Jul 2, 2023 at 4:00AM

NYSE: MMM

3M

Market Cap

$51B

Today's Change

(0.46%) $0.42

Current Price

$91.83

Price as of April 26, 2024, 4:00 p.m. ET

This dividend stock offers investors a fantastic dividend yield.

Fool.com contributor Parkev Tatevosian elaborates on why he thinks this dividend stock is an excellent option for passive income investors.

*Stock prices used were the afternoon prices of June 28, 2023. The video was published on June 30, 2023.

Parkev Tatevosian, CFA has positions in 3M. The Motley Fool recommends 3M. The Motley Fool has a disclosure policy.

Parkev Tatevosian is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool.