The Toronto-Dominion Bank Plans Quarterly Dividend of $1.02 (TSE:TD)

The Toronto-Dominion Bank (TSE:TD) (NYSE:TD) declared a quarterly dividend on Monday, April 8th, Zacks reports. Shareholders of record on Tuesday, April 30th will be given a dividend of 1.02 per share on Tuesday, April 30th. This represents a $4.08 dividend on an annualized basis and a dividend yield of 5.06%. The ex-dividend date of this dividend is Monday, April 8th.

Toronto-Dominion Bank Stock Performance

TSE TD opened at C$80.63 on Friday. The stock has a 50-day simple moving average of C$80.97 and a two-hundred day simple moving average of C$81.60. The firm has a market capitalization of C$142.72 billion, a P/E ratio of 12.74, a PEG ratio of 1.08 and a beta of 0.83. Toronto-Dominion Bank has a fifty-two week low of C$75.89 and a fifty-two week high of C$87.10.

Toronto-Dominion Bank (TSE:TD) (NYSE:TD) last released its quarterly earnings data on Thursday, February 29th. The company reported C$2.00 earnings per share for the quarter, beating analysts’ consensus estimates of C$1.93 by C$0.07. Toronto-Dominion Bank had a return on equity of 10.72% and a net margin of 23.86%. The business had revenue of C$13.71 billion during the quarter, compared to analyst estimates of C$12.63 billion. As a group, analysts forecast that Toronto-Dominion Bank will post 7.8302619 earnings per share for the current year.

Analysts Set New Price Targets

TD has been the topic of a number of analyst reports. Desjardins dropped their target price on Toronto-Dominion Bank from C$96.00 to C$94.00 and set a “buy” rating on the stock in a research report on Wednesday, February 7th. BMO Capital Markets raised their target price on Toronto-Dominion Bank from C$81.00 to C$86.00 in a research report on Friday. National Bankshares raised their target price on Toronto-Dominion Bank from C$86.00 to C$92.00 and gave the company a “sector perform” rating in a research report on Wednesday, December 20th. Canaccord Genuity Group raised their target price on Toronto-Dominion Bank from C$95.00 to C$96.00 and gave the company a “buy” rating in a research report on Friday, March 1st. Finally, Bank of America dropped their target price on Toronto-Dominion Bank from C$88.00 to C$86.00 in a research report on Wednesday, February 14th. Five analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat, Toronto-Dominion Bank currently has a consensus rating of “Moderate Buy” and an average target price of C$90.55.

Toronto-Dominion Bank Company Profile

The Toronto-Dominion Bank, together with its subsidiaries, provides various financial products and services in Canada, the United States, and internationally. It operates through four segments: Canadian Personal and Commercial Banking, U.S. Retail, Wealth Management and Insurance, and Wholesale Banking.