1 Magnificent High-Yield Dividend Stock Down 50% to Buy and Hold Forever
Shares of Rexford Industrial Realty (REXR 0.13%) got a huge boost from investors coming out of the pandemic. It was, at that point, a story stock thanks to increased demand for warehouses at the time.Wall Street has moved on to new stories, like artificial intelligence (AI), and Rexford's stock price has lost around half its value since its high point in 2022. The dividend yield is now an attractive 4.1%.Here's why this stock should be seen as a buy and hold for long-term income investors.What does Rexford ...