1 Magnificent Dividend King Stock Down 30% to Buy and Hold Forever

This Dividend King operates in a highly cyclical industry, which means that stock pullbacks can be a good time to buy.The list of Dividend Kings is not very long, which makes sense. It is difficult to increase a dividend year in and year out for at least five decades. A business has to be resilient and well run, with an operating model that is sustainable over the long term.But the Dividend King featured here, which is trading down more than 32% from early 2024 highs, has proven it has what it takes to surv ...