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Topic: Dividend Stocks
TORONTO-DOMINION BANK $80 (www.tdbank.com) is looking for new ways to cut its costs, as low interest rates have shrunk the revenue the bank earns from loans. However, its credit losses continue to fall as more borrowers repay their loans on time. That let TD raise its quarterly dividend by 5.9%, to $0.72 a share from $0.68. The new annual rate of $2.88 yields 3.6%. Buy.
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