3 Magnificent S&P 500 Dividend Stocks Down 30% to Buy and Hold Forever

There are a few things that Ford Motor Company (NYSE: F), Target (NYSE: TGT), and Pfizer (NYSE: PFE), have in common. They are all components of the prestigious S&P 500. The stocks all pay a dividend north of 4%, with two of them yielding a lot better than 5%. Finally, bucking the trend of the rallying market, they are all trading at least 30% below their 52-week highs.There are worse fates than being a household name, declaring generous quarterly distributions, and being currently out of favor. Let's take a closer look at these three iconic dividend-paying S&P 500 stocks that you can buy at a discount, potentially holding on for the long haul.It's been four years since I unloaded my second Ford Flex. The now-discontinued crossover SUV was the first ride I replaced with the same make and model. The shares have fallen out of favor, trading 31% below last summer's high. I guess you can say that investors also miss the Ford flex.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool