So if you’re looking to jump on the recent stock market crash with an additional $ 5,000, this could be a good place to start.
Without further ado, let’s go.
Financial services giant kicks off Toronto-Dominion Bank (TSX: TD) (NYSE: TD), which posted a dividend yield of 5.8%.
TD’s actions have been flat over the past month, suggesting that it’s a solid way to play defense. Specifically, the massive size of TD (nearly $ 1.5 trillion in total assets), its diversified operations and a strong regulatory environment are expected to fuel healthy dividends for decades to come.
In the last quarter, adjusted EPS increased to $ 1.66 from $ 1.57 a year ago. In addition, adjusted return on equity improved from 18.9% to 19.6%.
“TD started the year with a solid quarter, reflecting growth in volumes on both sides of the border in our retail operations and strong revenues and profits in our wholesale operations,” said the CEO, Bharat Masrani. “Our solid performance demonstrates the benefits of our proven strategy and business model as we continue to acquire and engage with new customers in a more innovative and personalized way.”
TD stocks have declined 26% in the past three months.
A powerful choice
With a dividend yield of 4.2%, the electricity producer Northland Power (TSX: NPI) is next on our list of high yields.
Northland’s stock has actually surged in the past month, giving Fools peace of mind. The company’s dividend potential continues to be supported by strong cash flow, large scale (approximately 2,430 megawatts of operational generation capacity) and stable long-term contracts.
In fact, management recently reiterated its 2020 forecast of $ 1 billion to $ 1.2 billion in adjusted EBITDA, as it sees no significant change in dealing with the COVID-19 crisis.
“Despite the difficult environment that resulted from the COVID-19 epidemic, Northland remains in good financial health and the company is taking advantage of its financial situation and market opportunities to further improve its portfolio of growth projects”, writes the company in declaration.
Northland is up an impressive 24% in the past month.
To complete our list, the pipeline company TC Energy (TSX: TRP) (NYSE: TRP), which currently offers a succulent dividend yield of 5.2%.
TC equities have also rallied well in the past few weeks. The company’s long-term underwriting assets, its well-managed development pipeline and significant scale benefits are expected to continue to support sustained dividend growth.
In the last quarter, EPS of $ 1.18 exceeded estimates by $ 0.13. On this basis, management increased the dividend for the 12th consecutive year.
Most importantly, TC left 2019 able to fund its $ 30 billion secure project portfolio without having to issue new shares.
“In recent years, we have taken significant steps to enhance our asset base through organic growth, acquisitions and divestments, as well as to restore our balance sheet to its position of historic strength,” said the president. and CEO Russ Girling.
TC Energy shares have risen about 20% in the past month.
There you go, Fools: three high-yield stocks that are worth seeing.
As always, don’t take them as formal recommendations. Instead, consider them as a starting point for more research. Cutting (or stopping) the dividend can be particularly painful, so you’ll need to do a lot of due diligence.
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Crazy contributor Brian Pacampara holds no positions in any of the companies mentioned.