O - 3 Magnificent S&P 500 Dividend Stock Down 20% or More to Buy and Hold Forever
2024-06-28 07:12:00 ET
The S&P 500 is near its all-time high, but not all stocks are doing so well. That's especially the case in the real estate sector, where some of the highest-quality real estate investment trusts, or REITs, are trading for 20% or more below their all-time highs.
With that in mind, here are three excellent REITs, all of which are S&P 500 components, that are worth a closer look while they're on sale.
Realty Income (NYSE: O) is one of the largest and most popular REITs in the market, with a massive portfolio of properties and reliable monthly dividend income. In fact, Realty Income has a trademark on the phrase "The Monthly Dividend Company." And now, this top-notch stock is down by 35% from its peak.
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3 Magnificent S&P 500 Dividend Stock Down 20% or More to Buy and Hold Forever