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Here's Exactly How Many Shares of TD Bank You'd Need for $5,000 in Annual Dividends [Yahoo! Finance Canada]

Toronto Dominion Bank (The) (TD) 
Last toronto dominion bank (the) earnings: 2/27 06:30 am Check Earnings Report
The Toronto-Dominion Bank TSX:TD ) is among Canada's highest yielding Canadian bank stocks. With a 4.9% yield, it has far more income potential than its peer group. The stock has long been a high yielder, as have Canadian financials as a whole. However, the rest of the banking sector has seen yields decline due to capital gains over the last few years. TD largely didn't join the gains party, which is why its stock has a higher yield right now. The question investors need to ask themselves is, “How did TD get this elevated yield in the first place?” A big part of it, as I explained above, is that the stock largely didn't join the party in Canadian banking over the last few years. There may be a good reason for that; if so, it merits close scrutiny. Nevertheless, TD Bank's yield is so high that you don't need to invest all that much in it in order to get $5,000 in annual dividends from the stock. In this article, I will explain how TD's yield got to be so high, and reveal how much Show less Read more
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