1 Magnificent S&P 500 Dividend Stock Down 36% to Buy and Hold Forever
Investors should hesitate when one refers to a company as a "forever stock." You can only go so far in predicting the future, and it is possible something unforeseen can derail a seemingly solid business plan.
Still, the closest thing to a forever stock is arguably about Realty Income (NYSE: O). The real estate investment trust (REIT) plays an understated but crucial role in the economy. It owns more than 13,250 properties, spanning 85 industries and five countries.
Additionally, it has struggled since the pandemic and sells at a 36% discount from its 2020 high. Given its client base and the nature of its business, it's a company with a lucrative, growing revenue base poised to provide investors with a rising dividend for decades to come.
Source Fool.com
