Both offer over 2% yields, are recognized for decades of rising payouts and are poised to keep delivering profits to investors.
3M has earned its place in the record books by increasing dividends for 57 consecutive years.
The company also carries one of the largest exposures to emerging markets, and a gradual recovery in the landscape will only increase its chances to register greater gains.
Rates are expected to stay low for a while, and 3M could continue to offer competitive yields. The company is also well covered by almost $5 billion in free cash flow annually.
The stock, up 15.69% this year, boasts a robust financial position and solid fundamentals.
Meanwhile, industrial equipment and components provider Pentair is driven by its bargain valuation and fundamentals.
Interestingly, with nearly four decades of consistent dividend growth, Pentair is a lesser rival to industry heavyweights such as Emerson Electric and Parker Hannifin, both with nearly six-decade long track records.