2 Ultra-High-Yielding Financial Stocks to Buy With $1,000
Investors looking for a generous dividend yield should take a closer look at Toronto-Dominion Bank (NYSE: TD) and Bank of Montreal (NYSE: BMO), which both have 4.3% yields. If history is any guide, these two reliable dividend payers would be a great place to invest $1,000 today even though the economic outlook is a bit cloudy. Here's a look at why.
TD Bank and Bank of Montreal, as these two banks are more commonly referred to, are both fairly simple. The bulk of their operations are tied to things like taking in deposits and using those funds to issue loans, in the form of things like mortgages. They have other business lines, of course, but their cores are pretty bland. That's good and bad, though today the bad is in the spotlight.
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Source Fool.com
