1 Magnificent S&P 500 Dividend Stock Down 10% to Buy Right Now While Its Dividend Yield Is at a Once-in-a-Decade High
Global snacking juggernaut Mondelez International (NASDAQ: MDLZ) is home to a wide array of recognizable brands, including Oreo, Ritz, CLIF Bar, Chips Ahoy!, Triscuit, Toblerone, and Sour Patch Kids. Since its spinoff from Kraft Heinz in 2012, Mondelez has delivered consistent 10% annualized total returns.
While these returns have slightly lagged the S&P 500 index's 14% yearly increase over those 12 years, the company's returns have matched the index's historical annualized return of 10% over the last century.
So what makes Mondelez a magnificent dividend stock to buy, considering it has only matched the market's historical returns?
Source Fool.com