Toronto Dominion Bank (The) (TD) to Issue Quarterly Dividend of C$1.12 on July 31st

Toronto Dominion Bank (The) (NYSE:TD) (TSE:TD) announced a quarterly dividend on Thursday, May 28th. Shareholders of record on Friday, July 10th will be given a dividend of 1.12 per share by the bank on Friday, July 31st. This represents a c) annualized dividend and a yield of 3.7%. The ex-dividend date of this dividend is Friday, July 10th. This is a 3.7% increase from Toronto Dominion Bank’s previous quarterly dividend of $1.08.

Toronto Dominion Bank has raised its dividend by an average of 0.1%annually over the last three years and has increased its dividend every year for the last 12 years. Toronto Dominion Bank has a payout ratio of 52.3% meaning its dividend is sufficiently covered by earnings. Research analysts expect Toronto Dominion Bank to earn $7.62 per share next year, which means the company should continue to be able to cover its $3.24 annual dividend with an expected future payout ratio of 42.5%.

Toronto Dominion Bank Price Performance

Shares of NYSE:TD opened at $121.36 on Wednesday. The business has a fifty day moving average price of $113.58 and a 200-day moving average price of $102.29. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.04 and a quick ratio of 1.04. The company has a market capitalization of $200.54 billion, a PE ratio of 18.93, a PEG ratio of 1.34 and a beta of 0.71. Toronto Dominion Bank has a 1-year low of $72.21 and a 1-year high of $122.65.

Toronto Dominion Bank (NYSE:TD) (TSE:TD) last announced its quarterly earnings results on Thursday, May 28th. The bank reported $1.74 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.63 by $0.11. The company had revenue of $11.80 billion for the quarter, compared to analysts’ expectations of $11.04 billion. Toronto Dominion Bank had a net margin of 13.20% and a return on equity of 14.83%. Toronto Dominion Bank’s revenue was down 31.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.97 EPS. As a group, equities analysts expect that Toronto Dominion Bank will post 6.86 EPS for the current fiscal year.

About Toronto Dominion Bank

Toronto-Dominion Bank (TD) is a Canadian multinational banking and financial services company headquartered in Toronto, Ontario. Formed through the 1955 merger of the Bank of Toronto (founded 1855) and the Dominion Bank (founded 1869), TD is one of Canada’s largest banks and offers a broad range of financial products and services to individual, small business, commercial and institutional clients.

TD’s core businesses include Canadian and U.S. personal and commercial banking, wealth management, wholesale banking and insurance.