Toronto-Dominion Bank T.TD

TD Preferreds Offer a Safer Dividend

[CanadianPreferr]

Great time to pick up preferreds. Once in a lifetime opportunity, I think. TD preferreds pay between 5% and 7.3%. The common yields 5.1%.
If the default rate of their clients increase they may have to cut the common stock dividend. Find the latest yields and a ranking on all TD preferreds at https://canadianpreferredshares.ca/rank-Toronto-Dominion-Bank-preferreds/

[RagingBull3]

But remember the reset.    The ones that reset in a year or 2 will most likely reset at a lower rate.   BoC probably will hold rates near Zero for a year or 2.   After that, rate will probably rocket up. 

[RagingBull3]

But I agree.... I think Earnings and dividends across the entire market is going to get compressed.     Looking at that way,  Ya, dividends on the Preferreds are safer. 

[DeanEdmonton]

Same tired old SPAM post they have been making for ages. Preferred are not a safe investment for most people. These are resetable prefereds. I this low interest envoironment you are going to get killed on the next reset. Below is from a recent NAtional Bank announcement. If they were reset today they would be even lower becasue the 5 year Canada Bond rate is .38% today, so 2.63%, not the 6 to 9