1 Dividend Stock Down 34% to Buy Hand Over Fist Right Now

1 Dividend Stock Down 34% to Buy Hand Over Fist Right Now

Global warehouse giant Prologis (NYSE: PLD) has lost more than a third of its value over the past year. The primary factor weighing on the real estate investment trust's (REIT) share price is the concern that rising interest rates could push the global economy into a recession. With the stock price slumping, the industrial REIT's dividend yield has risen to around 2.8%, which is quite a bit ahead of the S&P 500's 1.6% dividend yield.