#3 – Bank of Nova Scotia
I am impressed with the Bank of Nova Scotia (NYSE: BNS) right now. Known as Scotiabank, BNS recently purchased the Colombian operations of The Royal Bank of Scotland (NYSE: RBS), expanding its considerable presence in South America. Prudent management at BNS has been good for shareholders, while the reckless risk-taking at RBS had predictable results. Scotiabank has outperformed the market handily, including a +4% gain year-to-date compared with a slide of about -4% for the broader market. Top it off with a 3.7% dividend yield, and you have yourself a good low-risk buy.
Looking for more safe, high-yield stocks? Read: 7 Dividend Stocks to Grow Your Nest Egg