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1 Magnificent Dividend Stock Down 33% to Buy and Hold Forever
While President Donald Trump's announcement of tariffs sent markets into a temporary tailspin, many stocks have since recovered. But one name that has failed to bounce back is the steelmaker Nucor (NYSE: NUE).For income investors who have the steely resolve to withstand some near-term volatility in its stock, Nucor and its 1.9% forward-yielding dividend represents a great buying opportunity right now, with shares trading 33% lower than a year ago.Image source: Getty Images.Continue reading
While President Donald Trump's announcement of tariffs sent markets into a temporary tailspin, many stocks have since recovered. But one name that has failed to bounce back is the steelmaker Nucor (NYSE: NUE).
For income investors who have the steely resolve to withstand some near-term volatility in its stock, Nucor and its 1.9% forward-yielding dividend represents a great buying opportunity right now, with shares trading 33% lower than a year ago.
Image source: Getty Images.
