From Nasdaq:

Four S&P 500 stocks fell between 10% and 42% in 2023, while the index rose 23%. Despite the drop in share price, the operations of Nike, MarketAxess, Paycom Software, and The Hershey Company remain strong. Investors focusing on the long haul may find opportunities in these dividend-growing companies with the potential for future growth.

Nike has seen an impressive total return of over 92,000% since going public in 1980. With a strong brand power and growth potential, the company promises rewards for patient investors with a dividend yield of 1.4% and annual growth of 11%.

MarketAxess, the digital bond trading platform, has delivered total returns above 1,700% since its IPO in 2004. The company’s focus on bringing bond trading into the digital age presents long-term growth potential, with a 1% dividend yield that has grown by 12% annually over the past decade.

Paycom Software, provider of cloud-based human capital management tools, has seen a 12-fold increase in value since its IPO. Despite short-term pain, the company’s new offerings are beneficial in the long term, with a 0.8% dividend yield that only uses 26% of the company’s net income.

The Hershey Company remains the most profitable chocolatier and confectioner among its publicly-traded peers, with annualized returns of 13% since its 1978 IPO. The company is home to three of the top five most recognizable chocolate labels in the U.S., with a 2.3% dividend yield and a P/E ratio of 21 at a discount following a 10% drop over the last year.



Read more: 4 Top S&P 500 Dividend Growth Stocks Down Between 10% and 42% to Buy in 2024 and Hold Forever