There’s more than a few great dividend options on the market right now. There’s also one magnificent Canadian stock that is trading down nearly 9% this year and has insane long-term potential.
That stock is Toronto-Dominion Bank (TSX:TD) and here’s why this magnificent Canadian stock belongs in your long-term portfolio.
Meet TD Bank a magnificent Canadian stock
TD is one of Canada’s big bank stocks, which makes it a long-established holding for nearly every investor. That’s because the big banks offer competitive dividends and boast a good balance between a reliable domestic segment and a growth-focused international presence.
In the case of TD, the bank boasts a mature network in Canada of over 1,000 branches blanketing the country. The bank also operates a growing network in the U.S., where it enjoys an even larger branch network.
Incredibly, that U.S. network came about following the Great Recession when TD bought…
