High-yield stocks can be a great way to generate income in retirement, and TFS Financial Corporation (TFSL) is one such option to consider. With a dividend yield of over 9%, it is one of the highest yielding stocks in the Sure Analysis Research Database.
TFS Financial Corporation has been in business for 86 years and offers a range of consumer banking services, including savings accounts, mortgages, and more. The company recently reported strong earnings, with revenue exceeding expectations and net interest income improving.
While TFS Financial Corporation may not have the same scale as larger banks, it does have a presence in multiple states and a healthy loan portfolio. The company has also taken steps to lower expenses and has a sizeable asset base.
However, it is important to note that TFS Financial Corporation has a very high dividend payout ratio, which may not be sustainable in the long term. Shareholders should be cautious about the company’s ability to maintain its current dividend amount.
Overall, TFS Financial Corporation has some attractive qualities, but investors should carefully consider the risks associated with its high dividend yield. To start, the dividend yield of this company is notably high compared to the average stock in the S&P 500 Index. This makes it an attractive option for investors seeking income from their investments.
Additionally, as a community bank, this company has a substantial presence with over $17 billion in total assets. Its net interest income and margin have also shown growth in the most recent quarter, indicating a positive trend in financial performance.
However, it is important to note that the dividend payout ratio is quite high, and the company has not increased its dividend payments after a period of aggressive growth. These factors suggest that the dividend may be at risk of being reduced in the future.
For income investors looking for stable sources of income, it may be wise to consider other options. It is essential to conduct thorough research and analysis before making any investment decisions.
If you are interested in exploring high-quality dividend growth stocks or other high-yield securities, consider utilizing the resources provided by Sure Dividend. Their tools and research can help you make informed investment choices.
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