Is TD Bank Stock a Buy for its Dividend Yield?
1 Articles
1 Articles
Is TD Bank Stock a Buy for its Dividend Yield?
The Toronto-Dominion Bank (TSX:TD) has been one of the best-performing large-cap TSX stocks this year. Up 8.8% for the year, it is easily outperforming the U.S. and Canadian stock markets. TD currently has a dividend yield just under 5%. The dividend is well covered by earnings, with a very low 36% payout ratio. The question is, is TD stock a buy? In this article, I explore whether TD Bank is a buy for its dividend. The fine and asset cap conseq…
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