2 Magnificent S&P 500 Dividend Stocks Down 19% to 22% to Buy and Hold Forever
The S 500 (SNPINDEX: ^GSPC) index just hit an all-time high, buoyed by tech heavyweights and hopes of interest rate cuts. Yet some rock-solid dividend stocks that are part of the S&P 500 index are still way off their all-time highs, giving investors an excellent opportunity to buy.
These magnificent dividend stocks could not only generate decades of passive income for you, but even help you build wealth in the process. For instance, two such stocks have generated nearly 60% in total returns each in just the past five years. Here's why you'd want to buy these two S 500 dividend stocks now and hold them forever.
(NYSE: CVX) has emerged as one of the most bankable dividend stocks in the energy sector. Despite the inherent volatility in oil and gas prices, Chevron has not only paid a dividend for decades now, but increased it for 37 consecutive years.
Source Fool.com
Chevron Corp. Stock
The stock is an absolute favorite of our community with 26 Buy predictions and no Sell predictions.
As a result the target price of 178 € shows a positive potential of 33.65% compared to the current price of 133.18 € for Chevron Corp..
