The Globe and Mail reports in its Saturday edition that the 5-per-cent guaranteed investment certificate is no longer available. The Globe's Rob Carrick writes that in contrast, there is a wide range of dividend stocks that offer yields of 5 per cent or more. One such option is Toronto-Dominion Bank. It currently faces controversy due to its U.S. division being linked to money laundering activities. Dividend yields indicate sentiment, moving inversely to share prices. Currently, TD has a high yield, but Bank of Nova Scotia leads among big banks at 5.8 per cent. Other high-yield blue chips include BCE at 8.9 per cent, Telus at 7 per cent and Enbridge at 6.5 per cent. One way to assess the risk to yield is the payout ratio. Morningstar DBRS calculates TD's payout ratio at 109.7 per cent, which is alarmingly high. However, Morningstar says this payout ratio falls to an implied 51.6 per cent without considering the expenses TD incurred to settle the U.S. money-laundering case and other non-recurring costs. Mr. Carrick says TD's dividend does not appear to be at risk of being reduced, although questions remain about the extent to which the bank will be able to deliver the dividend growth investors expect from bank stocks.