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

The Toronto-Dominion Bank (TSE:TD) (NYSE:TD) announced a quarterly dividend on Friday, January 10th,TickerTech Dividends reports. Investors 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 yield of 5.35%. The ex-dividend date 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 %

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

Wall Street Analyst Weigh In

A number of equities research analysts have commented on TD shares. Desjardins downgraded Toronto-Dominion Bank from a “moderate buy” rating to a “hold” rating in a report on Thursday, December 5th. Barclays cut Toronto-Dominion Bank from a “hold” rating to a “strong sell” rating in a report on Thursday, November 21st. Royal Bank of Canada cut Toronto-Dominion Bank from an “outperform” rating to a “sector perform” rating and decreased their price target for the stock from C$88.00 to C$82.00 in a report on Friday, October 11th. BMO Capital Markets upgraded Toronto-Dominion Bank from a “market perform” rating to an “outperform” rating and set a C$90.00 price target for the company in a report on Thursday, December 19th. Finally, Cormark decreased their price target on Toronto-Dominion Bank from C$99.00 to C$94.00 in a report on Friday, December 6th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target 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.