1 Magnificent S&P 500 Dividend Stock Down 33% to Buy and Hold Forever
Clorox(CLX) The Motley Fool·2024-03-20 21:53
Life is like a sine curve, with good times followed by bad times, and vice versa. That's how it goes for companies, too. Right now Clorox (CLX -0.06%), a member of the consumer staples segment in the S&P 500 index, is in a down swing. The stock is more than 33% below its 2020 high-water mark. That's pushed the yield toward the high end of its historical range, to around 3.2%.Now is the time to consider adding this dividend stock to your portfolio, but before you do, it's worth understanding why Clorox is so ...