1 Magnificent S&P 500 Dividend Stock Down 40% to Buy and Hold Forever
The S&P 500 (SNPINDEX: ^GSPC) is made up of large-cap stocks. Despite the stock market's recent volatility triggered by higher tariffs, among other things, the index gained 9.8% over the last year through May 21.However, not all stocks in the index have fared this well. Target's (NYSE: TGT) share price lost more than 40% during this period.Investors have their reasons for sending the stock price down so steeply. However, dividend-seeking investors with a long time horizon should use this opportunity to purchase Target shares.Continue reading
The S&P 500 (SNPINDEX: ^GSPC) is made up of large-cap stocks. Despite the stock market's recent volatility triggered by higher tariffs, among other things, the index gained 9.8% over the last year through May 21.
However, not all stocks in the index have fared this well. Target's (NYSE: TGT) share price lost more than 40% during this period.
Investors have their reasons for sending the stock price down so steeply. However, dividend-seeking investors with a long time horizon should use this opportunity to purchase Target shares.
