1 Magnificent S&P 500 Dividend Stock Down 10% to Buy and Hold Forever

Some stocks are such good companies that it really does pay to keep things simple. In other words, some stocks are almost always worth buying when the share price dips and holding those shares indefinitely. Great companies tend to generate results that lead to long-term wealth creation for their shareholders.Take The Coca-Cola Company (NYSE: KO) for example. Not only is Coca-Cola one of Warren Buffett's favorite companies, but it also has a decades-long track record of raising its annual dividend to its investors. Holding Coca-Cola stock and reinvesting the dividends it pays has worked out quite well for investors.Today, the stock is down about 10% from its high. Here is why Coca-Cola is likely to continue rewarding those who buy and hold this legendary dividend stock.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool