2024-03-29 12:54:48 ET
Summary
- TD Bank's illustrious reputation as a dividend payer dates to the mid-19th century.
- The financial giant is a market leader in two key and thriving global economies.
- TD Bank's financial position is vigorous enough to earn upper investment-grade credit ratings from the three major rating agencies.
- The company's shares could be deeply discounted from the current valuation.
- TD Bank could be a steady pick for income and moderate capital appreciation via valuation multiple reversion and earnings growth.
All else equal, I especially prefer to invest in businesses with demonstrable track records as dividend payers. The longer the dividend-paying streak that a company possesses, the more it catches my attention.
In my opinion, there is no greater commitment to shareholders that a company can exhibit than maintaining and/or growing dividends for decades or even centuries....
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For further details see:
TD Bank: Now Is A Good Time To Buy This 5%-Yielding Blue-Chip Deal