3 No-Brainer High Yield Stocks to Buy With $500 Right Now

Watching as stock prices plummet one day and soar the next is hard, particularly when the overall trend appears to be downward. While geopolitical and economic issues make the volatility on Wall Street easy to understand, that fact doesn't make the volatility any easier to handle. Your best emotional defense is to shift your framework from watching stock prices to watching dividend checks roll in. If you have $500 or $5,000, here are three stocks that will help you do just that.Shares of Toronto-Dominion Bank (NYSE: TD), which is normally just called TD Bank, are nearly 30% below their 2022 highs. This bank stock is in its own personal bear market, which has pushed its yield up to around 5%. This yield level is historically high for TD Bank. Note, however, that TD Bank's dividend was sustained through the Great Recession, when large U.S. peers cut their dividends, and the Canadian banking giant just raised its dividend by 3%.TD Bank is still fully capable of rewarding dividend investors with a reliable and growing dividend. The reason it is out of favor is that the bank's U.S. business was used to launder money. Regulators were not pleased, and TD Bank is under an asset cap in the U.S. market until it appeased regulator concerns. This will likely lead to a period of slow growth for the Bank, but it is important to note that its core Canadian business is unaffected by the asset cap. In other words, TD Bank's foundation remains strong. This is a low-risk turnaround story, and even conservative investors can be confident in a positive outcome. While TD Bank works toward that outcome, you can collect a well above market dividend each quarter.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool