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

Turnaround stocks can be risky, but they can also be rewarding, particularly if you can find companies that have solid and lofty dividends. Not all high-yield turnaround stocks are worth the risk, but EPR Properties (NYSE: EPR), W.P. Carey (NYSE: WPC), and Toronto-Dominion Bank (NYSE: TD) all appear to offer attractive risk/reward opportunities. With yields up to 6.9%, you'll want to get to know this trio of high-yield turnaround stocks right now.Toronto-Dominion Bank's stock price has been hovering around the $60 point, so even a $500 investment would easily get you in the door with this Canadian bank. Canada's banking system is highly regulated, providing the biggest banks entrenched industry positions. As one of the inveterate giants, TD Bank, as it is more commonly known, has a very solid business foundation. In fact, Canada remains a strong performer for TD Bank. The problems here stem from the company's growth efforts in the United States.TD Bank's U.S. business was used by employees to launder money. U.S. regulators found out, leading to a large fine, a revamp of the bank's internal controls, and an asset cap on the U.S. business. The first two are negatives, but not massive problems. The asset cap means TD Bank won't be able to grow its U.S. business as expected until it has regained the trust of U.S. regulators, which could take years. This has investors worried that TD Bank will be treading water for a while, which is likely true. However, the average bank yields around 2.2% today, while TD Bank has a dividend yield of 4.8%. Given that the risk of a dividend cut seems modest (the dividend was raised 3% after all of the bad news came out), turnaround investors are being paid very well to wait here.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool