1 magnificent ASX dividend share down 45% to buy and hold for decades

It is not often that high-quality ASX dividend shares go on sale.

But that is exactly what appears to have happened with Lovisa Holdings Ltd (ASX: LOV).

The fashion jewellery retailer’s shares are down 45% from the 52-week high of $43.68 reached in August last year.

And at $23.93, they are now…