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3 Elite Dividend Stocks Down 13.5% to 31% to Buy Now for Decades of Passive Income

TheMotleyFool

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3 Elite Dividend Stocks Down 13.5% to 31% to Buy Now for Decades of Passive Income: https://g.foolcdn.com/editorial/images/708667/a-person-looking-at-a-laptop-surrounded-by-stock-charts.jpg

This year has been a challenging one for investors. The S&P 500 is down more than 21%. It could decline even further if we head into a recession.

However, challenges bring opportunities. One of those is that dividend yields move in the opposite direction as stock prices. Because of that, this year's sell-off is providing income investors with the opportunity to lock in higher yields in some of the best dividend stocks.

Three elite dividend stocks that stand out as attractive long-term opportunities after selling off this year are Consolidated Edison (NYSE: ED), Federal Realty Investment Trust (NYSE: FRT), and Verizon (NYSE: VZ).

Source Fool.com

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