Toronto-Dominion Bank
Do you want to be a part of North America’s largest financial institution while funding a comfortable retirement? Then Toronto-Dominion Bank is the best choice. The institution, valued at $80.6 billion, has a dividend yield of 5.3%… but we know our readers want and need more reasons to heed our advice.
Though TD maintains little exposure to investment banking and trading, it’s revenue is balanced between home mortgages, asset management, card services (fee-based services). All in all, their business is more cyclical and less risky.
The bank is also known to be flexible to expansions and product lines due to its extensive reach and network of retail locations. Basically, it provides a substantial base of low-cost deposits.
What about shareholders, you might ask? They’ve received cash distributions since 1857! If you’re going to trust a bank or any company to pay up, TD should be at the top of your list.
