1 Magnificent S&P 500 Dividend Stock Down 35% to Buy and Hold Forever

Although most Americans may regularly set foot in one of its buildings, they likely know little of Realty Income (NYSE: O) or its investment case. The real estate investment trust (REIT) owns about 15,500 single-tenant properties on net leases, meaning the tenant covers the maintenance, tax, and insurance costs.

Moreover, the S 500 stock bills itself as the "monthly dividend company" since shareholders receive 12 payouts per year.

Despite that benefit, the stock is down 35% from its 2020 high. Higher interest rates seem to have weighed on the stock in the last two years.

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Source Fool.com