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Stock impact report

Is TD Bank Stock a Buy for its Dividend Yield? [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 ) 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 consequences Why is TD stock rising so much this year? In large part, it's because the stock got beaten down so badly last year. That year, the bank took a $3 billion fine and a $430 billion asset cap as part of a money laundering settlement with the U.S. Department of Justice (DoJ). The stock went all the way down to $74 when these penalties were announced. Later, though, the bank put out a pretty good earnings release that showed the company was doing fairly well despite the penalties. As a result of the asset cap, TD basically cannot gr Show less Read more
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