2 No-Brainer Dividend Stocks to Buy With $200 Right Now
The stock market has been on an upward path of late, with some of the most prominent stocks hitting astronomical highs. The dividend yield on the S 500 index is a paltry 1.4%, a low level that will probably leave most dividend investors dismayed. But you can still find attractive income stocks, many of which are trading well below $200 a share. Two that are worth a close look today are Toronto-Dominion Bank (NYSE: TD) and Realty Income (NYSE: O). Here's what you need to know.
Canadian TD Bank, as Toronto-Dominion is more commonly known, started paying dividends in 1857. That's more than 160 years of uninterrupted payments. In fact, when major U.S. banks cut their dividends during the Great Recession, TD Bank held its payment steady right through the deep economic downturn. That's an impressive story and one that should interest income investors. Today the dividend yield is almost 5%, notably above the average bank's yield of 2.8%, using SPDR S Bank ETF as an industry proxy.
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Source Fool.com
Toronto-Dominion Bank Stock
Based on 3 Buy predictions and 2 Sell predictions the sentiment towards Toronto-Dominion Bank is rather balanced.
As a result the target price of 86 € shows a very positive potential of 68.5% compared to the current price of 51.04 € for Toronto-Dominion Bank.
