Toronto Dominion Bank (The) (NYSE:TD) Declares Quarterly Dividend of C$1.08

Toronto Dominion Bank (The) (NYSE:TD) (TSE:TD) declared a quarterly dividend on Thursday, February 26th. Stockholders of record on Thursday, April 9th will be given a dividend of 1.08 per share by the bank on Thursday, April 30th. This represents a c) dividend on an annualized basis and a dividend yield of 4.4%. The ex-dividend date of this dividend is Thursday, April 9th.

Toronto Dominion Bank has raised its dividend by an average of 0.1%annually over the last three years and has raised its dividend every year for the last 12 years. Toronto Dominion Bank has a payout ratio of 50.6% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Toronto Dominion Bank to earn $5.95 per share next year, which means the company should continue to be able to cover its $3.14 annual dividend with an expected future payout ratio of 52.8%.

Toronto Dominion Bank Trading Up 1.6%

Shares of NYSE:TD traded up $1.57 during midday trading on Thursday, reaching $98.75. 4,117,870 shares of the company’s stock were exchanged, compared to its average volume of 2,444,188. The stock has a market cap of $165.04 billion, a price-to-earnings ratio of 11.71, a P/E/G ratio of 1.30 and a beta of 0.67. Toronto Dominion Bank has a fifty-two week low of $54.87 and a fifty-two week high of $99.29. The firm’s 50 day simple moving average is $94.88 and its two-hundred day simple moving average is $85.29. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.03 and a quick ratio of 1.03.

Toronto Dominion Bank (NYSE:TD) (TSE:TD) last announced its earnings results on Thursday, December 4th. The bank reported $1.56 earnings per share for the quarter, topping the consensus estimate of $1.46 by $0.10. Toronto Dominion Bank had a net margin of 16.52% and a return on equity of 13.90%. The company had revenue of $11.44 billion during the quarter, compared to analyst estimates of $10.10 billion. During the same quarter last year, the firm posted $1.72 earnings per share. Toronto Dominion Bank’s revenue was down .1% compared to the same quarter last year. As a group, sell-side analysts forecast that Toronto Dominion Bank will post 5.48 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.