2 Magnificent S&P 500 Dividend Stocks Down 40% to 70% to Buy and Hold Forever

All investors love their dividends, but merely looking at a stock's dividend yield can be misleading. After all, a stock with a high yield could suggest that the dividend is about to be cut, that the business may be declining, or that there are other risks, such as high debt. But sometimes, big declines in dividend stocks can be massive income-producing opportunities if the business recovers and continues raising its payout over the long term.The following beaten-down dividend stocks -- down 40% to 70% from their highs -- are suffering from the ripple effects of the pandemic and the rise in interest rates. However, inflationary headwinds could be ebbing. Meanwhile, each company recently brought a formerly successful CEO back out of retirement to help steer their turnarounds. Thus, both could be huge income opportunities.At first glance, Dollar General (NYSE: DG) would seem like a resilient stock. The company is the largest U.S. retailer in terms of the number of outlets, with over 20,500 small-format stores selling low-priced essentials in small towns across America. That seems like a business that would be able to weather hard times.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool