At Extreme Investor Network, we are dedicated to providing our readers with valuable insight and information on all things finance. Today, we want to highlight three magnificent S&P 500 dividend stocks that are currently down 30% (or more) and present an excellent opportunity for long-term investors.
1. **Realty Income (NYSE: O)**: Realty Income is a net-lease giant with a massive property portfolio and an investment-grade balance sheet. Despite a 30% drop from its 2020 highs, Realty Income offers an attractive dividend yield near a 10-year high at 5.5%. The recent decline in stock price can be attributed to rising interest rates, affecting profits for REITs like Realty Income. However, with a strong portfolio spanning the US and Europe, Realty Income remains a solid choice for conservative dividend investors looking for steady long-term growth.
2. **Franklin Resources (NYSE: BEN)**: As an asset manager with $1.6 trillion in assets under management, Franklin Resources’ financials ebb and flow with the market. The company has increased its dividend annually for 44 consecutive years, with a current yield of nearly 5.3%. While concerns about mutual fund outflows have impacted stock performance, Franklin Resources is diversifying its offerings into areas like ETFs and alternative investments to offset the impact. For investors willing to weather some market volatility, Franklin Resources has a proven track record of rewarding investors over time.
3. **Hormel Foods (NYSE: HRL)**: Hormel Foods, a Dividend King with 58 consecutive years of dividend increases, offers a historically high yield of 3.2% after a 35% decline in stock price from recent highs. Despite challenges like inflation, avian flu, and slow market rebounds, Hormel’s strong fiscal performance suggests the company is regaining its footing. With a long history of success and solid fundamentals, Hormel presents a compelling opportunity for investors looking to secure attractive yields from a well-established consumer staples company.
At Extreme Investor Network, we believe in empowering investors with the knowledge and tools they need to make informed decisions. While there’s no rush to buy these stocks, each presents a unique opportunity for long-term growth and income. By understanding the underlying strengths and potential challenges of these companies, investors can position themselves to benefit from their attractive yields and growth potential.
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