TD - Why I Bought More Toronto-Dominion Bank
2024-05-05 09:15:00 ET
My core dividend investing approach can be simplified down to buying reliable dividend stocks when they have historically high yields. That's why I first bought Toronto-Dominion Bank (NYSE: TD) in 2016 and why I added more to my position in March 2024.
But there's more to the story that you need to understand since my decision to buy the stock again meant that the yield had gotten historically high. Here's what you should know.
TD Bank, as Toronto-Dominion Bank is normally called, is the No. 2 bank in Canada by deposits. It is the No. 6 bank in all of North America on that measure, and it also has a material presence in the United States. Simply put, it is a large and important financial institution.
For further details see:
Why I Bought More Toronto-Dominion Bank