Enjoy a 5.5% yield from Toronto-Dominion Bank

Enjoy a 5.5% yield from Toronto-Dominion Bank

The company is selling its online brokerage firm to a competitor in an all-stock takeover deal.

Meanwhile it boasts a track record of increasing its dividend for investors by 9.1% each year over the past 5 years.

TORONTO-DOMINION BANK, (Toronto symbol TD; www.td.com) owns roughly 43% of… Read More

How Corporate Spinoffs Are Different From New Stock Issues

How Corporate Spinoffs Are Different From New Stock Issues

New corporate spinoffs are often the target for value seekers, while new stock issues often pose problems
You can contrast corporate spinoffs with new stock issues, which is when a company first sells shares to the public.

The two situations are like two sides of a coin—one… Read More

TD deal a plus for investors

TD BANK, $75.67, is still a buy. Investors in the bank (Toronto symbol TD; Shares outstanding: 1.8 billion; Market cap: $137.2 billion; TSINetwork Rating: Above Average; Divd. yield: 3.9%; www.td.com) should now gain from the sale of its 43%-owned TD Ameritrade Holding Corp. (Nasdaq symbol AMTD). It’s one of… Read More