1 Magnificent S&P Dividend Stock Down 10% to Buy and Hold Forever

The best investment portfolios usually include at least a few dividend-paying stocks, and you can lock in a great yield by finding the ones representing great companies that are temporarily out of favor with investors. PepsiCo (PEP -0.07%) is one such company. This stalwart of the consumer staples sector has seen its share price drop over the past few months, but its long-term potential as a cash flow powerhouse is still compelling.PepsiCo dropped while the market climbedSince July 1, 2023, PepsiCo shares a ...