The Toronto-Dominion Bank (TSE:TD) Increases Dividend to $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 Stock Up 0.9 %

TSE:TD opened at C$78.48 on Wednesday. The company has a market cap of C$137.34 billion, a PE ratio of 18.17, a P/E/G ratio of 1.22 and a beta of 0.82. The business’s 50 day moving average is C$77.32 and its two-hundred day moving average is C$79.20. Toronto-Dominion Bank has a 52 week low of C$73.22 and a 52 week high of C$87.99.

Wall Street Analysts Forecast Growth

A number of research firms have commented on TD. BMO Capital Markets raised shares of Toronto-Dominion Bank from a “market perform” rating to an “outperform” rating and set a C$90.00 price objective for the company in a report on Thursday, December 19th. National Bankshares decreased their price target on shares of Toronto-Dominion Bank from C$85.00 to C$80.00 in a report on Friday, December 6th. Canaccord Genuity Group increased their price objective on shares of Toronto-Dominion Bank from C$87.00 to C$89.00 in a research note on Monday, December 16th. Barclays downgraded Toronto-Dominion Bank from a “hold” rating to a “strong sell” rating in a research note on Thursday, November 21st. Finally, Royal Bank of Canada cut Toronto-Dominion Bank from an “outperform” rating to a “sector perform” rating and dropped their price target for the stock from C$88.00 to C$82.00 in a research report on Friday, October 11th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average 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.