Why You Might Regret Buying 3M Stock: 1 Better High-Yield Dividend Stock to Buy Now

In this video, Motley Fool contributor Jason Hall breaks down the positives with 3M (NYSE: MMM) 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 (NYSE: BIP)(NYSE: BIPC).

*Stock prices used were from the afternoon of May 17, 2024. The video was published on May 17, 2024.

Should you invest $1,000 in 3M right now?

Before you buy stock in 3M, consider this:

The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and 3M wasn’t one of them. The 10 stocks that made the cut could produce monster returns in the coming years.

Consider when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you’d have $578,143!*

Stock Advisor provides investors with an easy-to-follow blueprint for success, including guidance on building a portfolio, regular updates from analysts, and two new stock picks each month. The Stock Advisor service has more than quadrupled the return of S&P 500 since 2002*.

See the 10 stocks »

*Stock Advisor returns as of May 13, 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.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


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