2 Magnificent S&P 500 Dividend Stocks Down 10% to Buy and Hold Forever

The S 500 has delivered strong returns over the past year, rallying more than 25%. Most stocks participated in that rally.

However, a few stocks have lagged the market. Realty Income (NYSE: O) and Prologis (NYSE: PLD) stand out because they've declined more than 10% over the past year. On the positive side, investors can buy these magnificent dividend stocks at lower prices and much higher dividend yields.

Realty Income has been a fantastic dividend stock over the years. The diversified REIT, involved in retail, industrial, and gaming properties, recently declared its 647th consecutive monthly dividend. It raised its payment by 2.1% from the prior month's level, marking its 107th straight quarterly dividend increase. Realty Income has grown its payout at a 4.3% compound annual rate since its public market listing in 1994.