3M (NYSE: MMM) has seen better days. The industrial giant's stock currently sits at near a 10-year low and is 60% below its peak. That sell-off has pushed its dividend yield up to 5.9%. 

The conglomerate is facing several challenges, including litigation and supply chain issues, that have weighed on its results. But I believe 3M will eventually turn things around. That's why I recently took advantage of the decline to buy more shares and lock in its high quality and high yield. 

3M's main attraction for me is its dividend. The company has an exceptional track record, having paid dividends for more than 100 years and increased them for the last 65 straight years. That puts it in the elite group of Dividend Kings, companies with 50 or more consecutive years of payout increases. And it has kept those streaks going despite some challenging market conditions over the years. 

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Source Fool.com