1 Magnificent High-Yield Stock Down 33% to Buy and Hold Forever
TDDominion Bank(TD) The Motley Fool·2024-07-17 16:55

This bank offers a 5%-plus yield, has paid uninterrupted dividends for over 100 years, and has a conservative culture.The narrative around Toronto-Dominion Bank (TD 2.03%) isn't great today, thanks to concerns from the market about reports of shortfalls in the company's money-laundering controls. It is a big deal in the near term, but it is not going to alter the Canadian banking giant's long-term trajectory.Here's why this bad short-term news that led to a 33% decline in TD Bank's share price could create ...