1 Magnificent S&P 500 Dividend Stock Down 23% to Buy Right Now

Particular financial metrics have been proven to indicate market-beating potential when analyzing stocks. Three examples are businesses with consistently growing dividend payments and a low payout ratio, steady share repurchases, and a high and rising return on invested capital. Finding companies that meet these requirements creates a "stocked pond" for us to fish in.

One business swimming around in this stocked pond is animal health specialist Zoetis (NYSE: ZTS). It's achieved a total return above 500% since its spin-off from Pfizer in 2013, but Zoetis has seen its share price struggle lately. It's now trading 23% below its all-time highs.

Despite this drop, the company's operations have been resilient. With the human-pet bond growing stronger every year -- and the need to maintain healthy livestock always essential -- Zoetis looks poised to set new all-time highs sooner rather than later.

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Source Fool.com