Toronto-Dominion Bank (NYSE: TD) is the second largest of the Canadian banks by market cap. The company provides a diversified array of financial services operating via three segments: Canadian Retail, U.S. Retail, and Wholesale Banking. TD was founded in 1855 and is headquartered in Toronto, Canada.
Note: All numbers in this article are in Canadian dollars (CAD$) unless otherwise noted.
A Closer Look
Toronto-Dominion Bank is the second largest of the Big Five Canadian banks. The company's peers include Royal Bank of Canada (NYSE: RY), Bank of Nova Scotia (NYSE: BNS), Bank of Montreal (NYSE: BMO), and Canadian Imperial Bank of Commerce (NYSE: CM).
The Canadian banks are regarded as some of the safest financial institutions in the world. The companies have a long... more
The board of directors of Tredegar Corporation (NYSE: TG) declared a quarterly dividend of eleven cents ($0.11) per share on the company’s common stock. The dividend is payable on April 1, 2017 to shareholders of record at the close of business on March 17, 2017.... more
This article is about American Electric Power (NYSE: AEP) and why it's a dividend income growth and total return investment. AEP has in the last 49.5 months had a above average total return. American Electric Power is being considered for The Good Business Portfolio. American Electric Power is an electric utility that operates in 11 states. American Electric Power is being reviewed using The Good Business Portfolio guidelines. When I scanned the 5 year chart American Electric Power does have a good chart going up and to the right. Fundamentals of American Electric Power will be reviewed in the following topics below The Good Business Portfolio Guidelines, Total Return and Yearly Dividend, Last Quarter's Earnings, Company Business and Takeaways And Recent Portfolio Changes.
For the one-year period ending February 17, 2017 the UBS ETRACS Monthly Pay 2x Leveraged Closed-End Fund ETN (NYSEARCA: CEFL) has had a total return of 58.6% based on a purchase February 17, 2016 at the closing price of $12.89, the February 17, 2017 price of $17.30 and the 12 monthly dividends of $3.1461. This does not include any reinvestment of dividends or any gains or losses on reinvestment of dividends. We are more interested in the outlook for future returns than CEFL's prior year over year return.
As I indicated in: CEFL Still Attractive With 16% Dividend Yield, Despite Coming February Dividend Shock, there has been a significant change in the composition of the index as a result of the rebalancing that occurred in the beginning of 2017. On balance the dividend yield on the... more
Finding an attractively valued stock is getting harder as new market highs are reached nearly every day. Let's explore why Target (NYSE: TGT) and Macy's (NYSE: M) may be two of the few left. The obvious thing to highlight is Target's dividend yield, which currently stands at 3.65%. No other major retailer pays a dividend like this except Macy's, which is why we will take a look at both in the next section. Macy's currently offers an even more impressive 4.67% yield. So which of these two offers the best opportunity to initiate a position now?
From a valuation standpoint, we are going to see that Target comes out ahead (unless your growth estimates vary significantly to the numbers used in the analysis). There are two different tables provided below.... more
Within the dividend growth section of Seeking Alpha, there has been much discussion regarding the selection, construction and management of portfolios consisting of companies that pay increasing dividends over time. Many of the articles discuss the criteria used to select the companies for the portfolio including current yield, future growth prospects, years of dividend growth, and target purchase prices. Because contributor portfolios are constructed over varying time frames and may have differing goals, unique portfolios result, which should be expected, but make establishment of a singular strategy for reader use difficult.
We construct portfolio solutions for our clients, which may include income as an objective, and are interested to see if... more
The Board of Directors of Invacare Corporation (NYSE: IVC) announced that it declared a cash dividend of $.0125 per share on its common shares and $.011364 per share on its Class B common shares payable April 13, 2017 to shareholders of record on April 3, 2017.... more
There is growing political uncertainty in the Western world and the risk associated with this uncertainty is impacting bond prices.
The two key "risk-free" rates continue to be the German bund and U.S. Treasuries.
The yield on the 10-year German bund has been trading around 0.35 percent and 0.40 percent in the past week. It was around 0.20 percent at the start of the year.
The yield on the 10-year U.S. Treasury note today, at 2.45 percent is just about the same as it was in early January. Note that the inflationary expectations built into this yield is about 2.00 percent, right at the Federal Reserve's target rate of inflation, and this is where inflationary expectations were at the start of the year.
Note that since the start of the year, the yield on the... more
Goldman Sachs BDC (NYSE: GSBD) seems to receive relatively little coverage in comparison to some better-known BDCs. It does, however, offer a relatively attractive dividend yield of slightly more than 7%. GSBD is also well-positioned to benefit from rising rates with 90% of its lending at floating rates.
In light of the controversy that often surrounds externally managed BDCs and their fees, a discussion on GSBD will not be complete without considering this aspect. It is worth noting that GSBD's base management fee at 1.5% is at the lower end of management fees, and that when also including incentive fees, GSBD's fees remain at the lower range of fees for externally managed BDCs.
With 90% of GSBD's lending at floating rates it is well-positioned to... more
For a long time, Wal-Mart (NYSE: WMT) was a darling of the dividend growth crowd. I'll show you what I mean going back to the turn of the century.
Here's a look at Wal-Mart's per share dividend and yearly payout growth rates from 1997 through 2013:
Note that the company's fiscal year ends in January of the following year.
That's quite a record. In a period of just over a decade and a half Wal-Mart's dividend increased by more than 13 times. The average compound growth rate was about 17.6% per annum. And you can see this take place in a big way on the table. The 2003 to 2007 period especially sticks out to me, where you had years of 20%, 44%, 15%, 11% and 31% year-over-year growth rates.
And we're not talking about a small enterprise here.... more