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3 high-yield financial stocks you can buy in November with a return of as much as 6.3%

The return of the average financial stock is only 1.5%. And if you’re willing to buy good companies that work through likely temporary problems, you can earn much higher returns.

At this point, long-term investors looking for high returns should take a closer look T. Rowe Price (NASDAQ: TRW), Toronto Dominion Bank (NYSE:TD)And W. P. Carey (NYSE:WPC). Here’s a brief primer on each of these high-yield stocks.

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T. Rowe Price is an asset manager. It charges fees to provide financial services to customers who buy its mutual funds, exchange-traded funds (ETFs) and other investment products.

The most important figure for investors here is assets under management (AUM), which rises and falls as customers deposit and withdraw money and as the market goes up and down. The market usually has more impact than the cash flows from customers. In fact, customers tend to stick around for a long time because moving money between financial services providers is a difficult and time-consuming task. In other words, T. Rowe Price, in some ways, has a kind of annuity business.

That said, T. Rowe Price’s historical strength is in mutual funds, a product type that is being supplanted by ETFs and alternative assets. That’s not good, and it’s making investors concerned about the stock. However, assets are sticky and management is shifting to customer focused areas.

This suggests that T. Rowe Price will eventually adapt to the changing dynamics in the sector. And it has more than enough financial power to renew its operations, noting that the company has no long-term debt on its balance sheet.

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That’s why the 38-year dividend streak isn’t likely to end anytime soon, and why long-term dividend investors can have confidence in the hefty 4.4% dividend yield.

Toronto-Dominion Bank, commonly referred to simply as TD Bank, is the second largest bank in Canada by deposits. It is the sixth largest bank in North America if you consider its American activities. And a dividend has been paid every year since 1857!

Note that neither the Great Depression nor the Great Recession ended this series. TD Bank knows how to deal with tough times.

And the Canadian banking giant, which has a hefty dividend yield of 5.3%, is facing tough times today. To be fair, the pain is self-inflicted, as the company’s U.S. operations have failed to detect and stop money laundering. This has cost the company financially and reputation.

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