1 Magnificent High-Yield Stock Down 33% to Buy and Hold Forever

This bank offers a 5%-plus yield, has paid uninterrupted dividends for over 100 years, and has a conservative culture. Here's why this bad short-term news that led to a 33% decline in TD Bank's share price could create a great buying opportunity for long-term income investors. TD Bank had a deal lined up to buy a regional U.S. bank, a move that would have expanded its reach in the country. As a giant in the highly protected Canadian market, growth has largely come from TD Bank's U.S. arm. It seemed like a s ...