2 Magnificent S&P 500 Dividend Stocks Down 24% to 50% to Buy and Hold Forever

These consumer stocks have high-yielding dividends and a long history of payout hikes.Investors often turn to dividend stocks as a source of income, though they face a conundrum: Higher-paying dividend stocks also tend to come with a higher level of risk. With S&P 500 stocks paying an average dividend of under 1.2%, many investors will often turn to other investment vehicles for income.Fortunately, a few of these stocks offer dividend yields far above the S&P 500's average without the degree of risk that th ...