The Best High Yield Bank Stock to Invest $1,000 in Right Now
Dominion Bank(TD) The Motley Fool·2024-08-17 16:24
If you are looking at the financial sector, here's why this bank, with a 5.1% yield, should be on top of your investment wish list. Toronto-Dominion Bank (TD 0.79%) is yielding 5.1% right now, which is at the high end of the stock's historical yield range. If that's not enough to entice you to invest $1,000, that yield is also around twice the 2.5% yield you'd collect from the average bank, using SPDR S&P Bank ETF as a benchmark. Before you run out and buy the stock, here's a deeper look at why TD Bank is t ...