3 No-Brainer High-Yield Turnaround Stocks to Buy Right Now for Less Than $500

Turnaround Investing and Dividend Yields - Turnaround investing is attractive due to the potential for long-term survival and growth, especially when combined with high dividend yields [1][2] - Aggressive income investors may consider Toronto-Dominion Bank (TD), Bank of Nova Scotia (BNS), and EPR Properties (EPR) for their high yields and turnaround potential [2] Toronto-Dominion Bank (TD) - TD Bank is one of Canada's largest banks, operating conservatively due to heavy regulation, with a historically high dividend yield of 5.1% [3] - The US banking operations face challenges, including a large fine for money laundering controls, an asset cap, and slower growth prospects [4][5] - Despite US regulatory issues, TD Bank increased its dividend, indicating stability, and its strong Canadian business provides a fallback [6] Bank of Nova Scotia (BNS) - Scotiabank is another major Canadian bank with a strong foundation and a high dividend yield of 5.3% [7] - The bank is refining its strategy by exiting underperforming South American markets and reinvesting in the US, including a recent 15% stake in KeyCorp [8][9] - Management is taking quick action, but the market remains cautious due to years of lagging performance [10] EPR Properties (EPR) - EPR Properties is a REIT focused on experiential properties, heavily impacted by the pandemic, with 36% of rents coming from struggling movie theaters [11][12] - The company has reworked its portfolio, improved tenant rent coverage to 2.6x from 2.0x in 2019, and reinstated a dividend with a payout ratio of 66% in Q3 [12][13] - EPR offers a high dividend yield of 7.3%, making it an attractive option for investors willing to take on some risk [13] Overall Investment Opportunity - TD Bank, Scotiabank, and EPR Properties are all in turnaround phases, with high dividend yields and potential for recovery [14] - Each stock is priced below $500, offering accessible entry points for investors [14]