Bad things can happen to good people. And bad things can happen to good stocks, too. Just because a stock has declined significantly doesn't mean that it isn't a solid long-term pick.

Some of these beaten-down stocks pay investors to wait for better days with attractive dividends. Here are three spectacular high-yield dividend stocks down 48% or more to buy right now.

Bank of America (NYSE: BAC) ranks as one of the biggest bank stocks, with a market cap of over $200 billion. It's also a big loser since early 2022, plunging 48% from its high.

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Source Fool.com