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Despite improvements in its business, the yield trap has been spring.
In this video, Motley Fool contributor Jason Hall breaks down the positives with 3M (MMM -0.24%) as well as the reasons dividend investors should avoid the stock. He also shares a high-yield dividend stock he thinks is a far better buy right now, Brookfield Infrastructure (BIP -1.93%) (BIPC).
*Stock prices used were from the afternoon of May 17, 2024. The video was published on May 17, 2024.
Jason Hall has positions in Brookfield Infrastructure and Brookfield Infrastructure Partners. The Motley Fool recommends 3M and Brookfield Infrastructure Partners. The Motley Fool has a disclosure policy. Jason Hall is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through their link they will earn some extra money that supports their channel. Their opinions remain their own and are unaffected by The Motley Fool.
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*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.
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