The Toronto-Dominion Bank (TSE:TD) Announces Dividend Increase – $1.05 Per Share

The Toronto-Dominion Bank (TSE:TD) (NYSE:TD) declared a quarterly dividend on Friday, January 10th,TickerTech Dividends reports. Stockholders of record on Friday, January 31st will be paid a dividend of 1.05 per share on Friday, January 31st. This represents a $4.20 annualized dividend and a dividend yield of 5.35%. The ex-dividend date of this dividend is Friday, January 10th. This is a boost from Toronto-Dominion Bank’s previous quarterly dividend of $1.02.

Toronto-Dominion Bank Trading Up 0.9 %

TSE TD opened at C$78.48 on Wednesday. Toronto-Dominion Bank has a 12 month low of C$73.22 and a 12 month high of C$87.99. The stock has a market cap of C$137.34 billion, a price-to-earnings ratio of 18.17, a PEG ratio of 1.22 and a beta of 0.82. The company’s 50 day moving average is C$77.32 and its two-hundred day moving average is C$79.20.

Wall Street Analyst Weigh In

TD has been the topic of several recent analyst reports. CIBC reduced their price objective on shares of Toronto-Dominion Bank from C$93.00 to C$90.00 in a research report on Friday, December 6th. Canaccord Genuity Group lifted their price objective on shares of Toronto-Dominion Bank from C$87.00 to C$89.00 in a research report on Monday, December 16th. Cormark reduced their price objective on shares of Toronto-Dominion Bank from C$99.00 to C$94.00 in a research report on Friday, December 6th. Jefferies Financial Group raised shares of Toronto-Dominion Bank from a “hold” rating to a “buy” rating and raised their target price for the company from C$82.00 to C$90.00 in a report on Thursday, December 12th. Finally, Royal Bank of Canada lowered shares of Toronto-Dominion Bank from an “outperform” rating to a “sector perform” rating and cut their target price for the company from C$88.00 to C$82.00 in a report on Friday, October 11th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Toronto-Dominion Bank currently has an average rating of “Hold” and a consensus target price of C$86.50.

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.