3 Magnificent S&P 500 Dividend Stocks Down 19% to 32% to Buy and Hold Forever
Sometimes short-term adversity can create opportunities for the long-term investor.
Dividends are more than immediate returns for investors; they represent excellence in a business. When a company can pay and raise its dividend, it's as if the business makes so much profit that it has nothing better to do with the money than to share it with investors.
You could say the same for companies in the S&P 500 index, an exclusive club of 500 prominent U.S. companies that must meet specific criteria for inclusion. That makes S&P 500 dividend-paying companies a fantastic starting point for investors who want to buy and hold quality stocks.
But even blue chip dividend stocks stumble from time to time. Here are three magnificent examples, currently down 19% to 32%, that investors can buy and hold forever.
