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2 Dividend Stocks Down 11% to 22% to Buy and Hold Forever

TheMotleyFool

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2 Dividend Stocks Down 11% to 22% to Buy and Hold Forever: https://g.foolcdn.com/editorial/images/725825/physicians-in-an-operating-room.jpg

Forever is a long time. Before you invest money into a stock intending to hold shares for that long, it's vital to ensure the company has what it takes to succeed for years on end. That includes offering products or services that are unlikely to run out of style, the ability to innovate, and a competitive advantage.

Investors can find a few such companies in the market -- some even trading at discounts. Let's look at two companies that fit the bill: Pfizer (NYSE: PFE) and Abbott Laboratories (NYSE: ABT). In addition to being solid businesses, both companies are excellent dividend payers. Let's dig in.