Toronto Dominion Bank (The) (TD) To Go Ex-Dividend on January 9th

Toronto Dominion Bank (The) (NYSE:TD) (TSE:TD) declared a quarterly dividend on Thursday, December 4th. Shareholders of record on Friday, January 9th will be given a dividend of 1.08 per share by the bank on Saturday, January 31st. This represents a c) annualized dividend and a yield of 4.9%. The ex-dividend date is Friday, January 9th. This is a 2.9% increase from Toronto Dominion Bank’s previous quarterly dividend of $1.05.

Toronto Dominion Bank has raised its dividend by an average of 0.1%per year over the last three years and has raised its dividend every year for the last 12 years. Toronto Dominion Bank has a dividend payout ratio of 48.5% meaning its dividend is sufficiently covered by earnings. 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 $3.01 annual dividend with an expected future payout ratio of 50.6%.

Toronto Dominion Bank Stock Performance

Shares of Toronto Dominion Bank stock opened at $88.34 on Friday. Toronto Dominion Bank has a 12 month low of $51.25 and a 12 month high of $88.45. The stock’s fifty day moving average price is $81.51 and its 200-day moving average price is $76.15. The firm has a market cap of $149.24 billion, a P/E ratio of 10.49, a P/E/G ratio of 1.42 and a beta of 0.69. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.09.

Toronto Dominion Bank (NYSE:TD) (TSE:TD) last issued its earnings results on Thursday, December 4th. The bank reported $1.56 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.46 by $0.10. Toronto Dominion Bank had a net margin of 16.53% and a return on equity of 14.00%. The company had revenue of $11.44 billion for the quarter, compared to analysts’ expectations of $10.10 billion. During the same period in the prior year, the business earned $1.72 EPS. The firm’s quarterly revenue was down .1% on a year-over-year basis. On average, equities research analysts expect that Toronto Dominion Bank will post 5.48 earnings per share for the current fiscal year.

About Toronto Dominion Bank

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.