1 Magnificent S&P 500 Dividend Stock Down 52% to Buy and Hold Forever

It can be tough to get excited about buying a stock while it's down. It just feels wrong. There's obviously a reason other investors don't want it, even if that reason isn't obvious. And yet, veteran long-term investors know the best time to step into quality names is after a pullback. That quality will eventually be reflected in the stock's price.Income investors looking for a bargain-priced dividend payer right now might want to add Constellation Brands (NYSE: STZ) to their watch list, if not their portfolio. It's now down more than 50% from its early 2024 peak. The sell-off has likely run its full course, however, and is finally ready to reverse.You may be more familiar with Constellation than you think. This is the parent company to Modelo and Corona beer, Kim Crawford and Ruffino wine, and Mi Campo and Casa Noble tequila just to name a few. The organization did $10.2 billion worth of business last fiscal year, up slightly from the prior year's top line.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool