3 No-Brainer High-Yield Dividend Stocks to Buy With $100 Right Now
The S&P 500 index (SNPINDEX: ^GSPC) is currently offering a roughly 1.2% yield. That's pretty miserly. You can get 4.2% from Toronto-Dominion Bank (NYSE: TD). And 5.5% from Realty Income (NYSE: O). Or even 7.2% from Alexandria Real Estate (NYSE: ARE). Each one of these high yielders is trading for less than $100 a share, but are they worth buying right now? Here's what you need to know.TD Bank, which is the more common name for Toronto-Dominion Bank, got in trouble with U.S. regulators when it was discovered that the company's U.S. business was used to launder money. The lingering negative is that TD Bank's U.S. bank is under an asset cap. That effectively means that it can't grow the U.S. business until regulators are happy with its new controls around money laundering. The U.S. business was expected to be TD Bank's growth engine and Wall Street is not happy.That's reasonable, but TD Bank's large Canadian business is unaffected. Also unaffected is the bank's investment arm. So growth will continue, it will just be a bit slower than many investors had expected. That's why the stock is still down nearly 20% from its 2022 highs (before the regulatory issues). And the stock's 4.2% yield is still fairly attractive, relative to other banks and historically speaking.Continue reading
The S&P 500 index (SNPINDEX: ^GSPC) is currently offering a roughly 1.2% yield. That's pretty miserly. You can get 4.2% from Toronto-Dominion Bank (NYSE: TD). And 5.5% from Realty Income (NYSE: O). Or even 7.2% from Alexandria Real Estate (NYSE: ARE). Each one of these high yielders is trading for less than $100 a share, but are they worth buying right now? Here's what you need to know.
TD Bank, which is the more common name for Toronto-Dominion Bank, got in trouble with U.S. regulators when it was discovered that the company's U.S. business was used to launder money. The lingering negative is that TD Bank's U.S. bank is under an asset cap. That effectively means that it can't grow the U.S. business until regulators are happy with its new controls around money laundering. The U.S. business was expected to be TD Bank's growth engine and Wall Street is not happy.
That's reasonable, but TD Bank's large Canadian business is unaffected. Also unaffected is the bank's investment arm. So growth will continue, it will just be a bit slower than many investors had expected. That's why the stock is still down nearly 20% from its 2022 highs (before the regulatory issues). And the stock's 4.2% yield is still fairly attractive, relative to other banks and historically speaking.
