27.06.2024 10:37:00

2 Beaten-Down Dividend Stocks With Yields Above 5% to Buy Now and Hold at Least a Decade

The benchmark S&P 500 index is up an exciting 25.8% over the past year, but many of its components haven't participated in the gains. Nvidia and other members of the "Magnificent Seven" have been hogging all the attention.While the most popular stocks rose to new heights, Pfizer (NYSE: PFE) and Realty Income (NYSE: O) fell a long way despite steadily rising dividend payouts. Both stocks have fallen far enough that they offer eye-popping yields above 5% at recent prices. Read on to see how scooping them up on the dips and holding them over the long run could boost your passive-income stream.Pfizer stock soared on the back of Comirnaty, its COVID-19 vaccine, and Paxlovid, an antiviral treatment. The stock has fallen about 24% over the past 12 months because sales of these two products fell much faster than expected.Continue readingWeiter zum vollständigen Artikel bei MotleyFool

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