MCD - 1 Magnificent S&P 500 Dividend Stock Down 10% to Buy and Hold Forever
2024-05-18 09:30:00 ET
Anyone currently on the hunt for dividend stocks is facing a bit of a problem. That is, most of the best ones are at or near all-time highs. Now's not the optimal time to step in -- particularly if you're planning on stepping in forever.
A handful of high-quality S&P 500 (SNPINDEX: ^GSPC) dividend stocks have bucked this bigger trend, though, instead peeling back to more palatable prices.
One of the top prospects among these names is fast-food chain McDonald's (NYSE: MCD) . Shares are only down around 10% from their January peak. However, that may be about as much of a discount as you're going to see from this ticker anytime soon.
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1 Magnificent S&P 500 Dividend Stock Down 10% to Buy and Hold Forever