O - 3 High-Yield S&P 500 Dividend Stocks Down More Than 28% to Buy Now and Hold at Least a Decade
2024-03-05 06:37:00 ET
Rising tides don't always lift all boats. The S&P 500 index reached new all-time highs several times since 2024 began, but many of its components have not participated in the rally.
With most investors focusing all their attention on the artificial intelligence (AI) revolution, plenty of reliable dividend payers aren't getting the attention they deserve. Since peaking in 2021, shares of Medtronic (NYSE: MDT) are down about 38% and poised for a rebound. Altria Group (NYSE: MO) and Realty Income (NYSE: O) hit highwater marks in 2022 and have since fallen about 28% and 30% from their respective peaks.
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3 High-Yield S&P 500 Dividend Stocks Down More Than 28% to Buy Now and Hold at Least a Decade