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

The Toronto-Dominion Bank (TSE:TD) (NYSE:TD) declared a quarterly dividend on Thursday, October 10th, RTT News reports. Shareholders of record on Thursday, October 31st will be given a dividend of 1.02 per share on Thursday, October 31st. This represents a $4.08 annualized dividend and a dividend yield of 4.71%. The ex-dividend date is Thursday, October 10th.

Toronto-Dominion Bank Stock Down 0.4 %

Shares of TSE TD opened at C$86.58 on Wednesday. Toronto-Dominion Bank has a 52 week low of C$73.67 and a 52 week high of C$87.99. The firm’s fifty day moving average is C$82.24 and its 200 day moving average is C$79.36. The company has a market cap of C$151.52 billion, a price-to-earnings ratio of 20.04, a PEG ratio of 1.08 and a beta of 0.82.

Toronto-Dominion Bank (TSE:TD) (NYSE:TD) last announced its quarterly earnings results on Thursday, August 22nd. The company reported C$2.05 earnings per share (EPS) for the quarter, missing the consensus estimate of C$2.07 by C($0.02). The company had revenue of C$14.18 billion for the quarter, compared to analysts’ expectations of C$14.12 billion. Toronto-Dominion Bank had a net margin of 15.72% and a return on equity of 7.33%. Equities research analysts anticipate that Toronto-Dominion Bank will post 8.2112811 earnings per share for the current year.

Analysts Set New Price Targets

A number of brokerages have recently commented on TD. CIBC boosted their price target on Toronto-Dominion Bank from C$88.00 to C$100.00 in a research report on Friday, September 6th. Desjardins dropped their price target on Toronto-Dominion Bank from C$91.00 to C$90.00 and set a “buy” rating on the stock in a research report on Friday, August 23rd. National Bankshares raised Toronto-Dominion Bank from an “underperform” rating to a “sector perform” rating and boosted their price target for the stock from C$74.00 to C$78.00 in a research report on Friday, August 23rd. UBS Group set a C$82.00 price target on Toronto-Dominion Bank and gave the stock a “neutral” rating in a research report on Tuesday, July 2nd. Finally, Cormark dropped their price target on Toronto-Dominion Bank from C$87.00 to C$86.00 in a research report on Friday, August 23rd. Five investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of C$87.79.

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.