1 Magnificent S&P 500 Dividend Stock Down 60% to Buy and Hold Forever

No matter what the general market is doing, dividend stocks are great to have in your portfolio. But in difficult or uncertain times -- such as right now -- these players make particularly interesting additions. For two reasons. First, a dividend stock limits your losses during market turmoil by offering you a regular payment that you can count on, even if that particular stock has delivered a poor performance.And second, during market declines, many of these top stocks could be picked up for a bargain -- so you buy the dividend player for a low price and go on to benefit year after year from passive income and potentially from the stock's recovery and growth over time. So, right now, amid concern about the potential impact of President Trump's tariffs on imports, it's a great idea to add a dividend stock or two to your portfolio.One in particular offers investors a fantastic opportunity. This magnificent S&P 500 index company has seen its stock drop 60% over the past three years, but it's well positioned for a rebound and long-term growth. Let's check out this top dividend stock to buy and hold forever.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool