TD - Beat the S&P 500 With This Cash-Gushing Dividend Stock
2024-05-05 03:46:00 ET
Toronto-Dominion Bank (NYSE: TD) , commonly known as TD Bank, has long been an amazing dividend stock. For more than two decades, shares have consistently paid cash to shareholders every quarter. And while the dividend yield has usually hovered between 3% and 4%, that yield has recently popped to nearly 5%.
If you want to beat the S&P 500 by investing in reliable dividend stocks, pay close attention to TD Bank. There are three compelling reasons to buy the stock today.
When it comes to dividend stocks , it's important not only to value the size of a payout, but also its consistency. Sure, TD Bank shares currently offer a 5% dividend yield, but is it reliable? The answer is a resounding yes.
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Beat the S&P 500 With This Cash-Gushing Dividend Stock