1 Magnificent S&P 500 Dividend Stock Down 16% to Buy and Hold Forever

The discount isn't deep, but it's about as deep as it's ever going to get for this often-overlooked stalwart. Are you on the hunt for a new "forever" dividend stock? If so, you've probably already stumbled across beverage behemoth Coca-Cola (KO -1.05%). The company's not only paid dividends like clockwork for decades now, but has also raised its annual dividend payout every year for the past 62 years. You could certainly do worse than plugging into this blue chip ticker while it's yielding just a tad over 3 ...