This Elite 6.6%-Yielding Dividend Stock Just Increased Its Payout Again (Could It Be the Last One?)

3M (MMM -1.22%) recently declared its latest dividend. There was little fanfare around that raise because it has been commonplace for the industrial giant. It has paid dividends to its shareholders without interruption for over a century, while increasing its payout for more than 60 consecutive years. That streak puts 3M in the elite group of Dividend Kings, companies with 50 or more years of dividend growth. Meanwhile, its latest raise pushes its dividend yield up to 6.6%, one of the highest levels in the ...