3M, High dividend yield opportunity not to be missed?

3M is a company focused on materials science and its proprietary technology is highly valuable and difficult to replicate. This is reflected in their premium prices which can range from 10% to 30% higher than the market. Customers are willing to pay for their products given their reputation for quality and the wide range of industries they cater to with their 55,000+ products.

The firm's geographical proximity to customers and vertical integration of its supply chain result in cost advantages as they produce many of its own raw materials. Although earnings have been affected by competition and litigation settlements, the current stock price with a 5.7% dividend yield really makes the company look attractive right now.