Toronto Dominion Bank (The) (TD) To Go Ex-Dividend on July 10th

Toronto Dominion Bank (The) (NYSE:TD) (TSE:TD) declared a quarterly dividend on Thursday, May 28th. Shareholders of record on Friday, July 10th will be paid a dividend of 1.12 per share by the bank on Friday, July 31st. This represents a c) dividend on an annualized basis and a yield of 3.9%. The ex-dividend date of this dividend is Friday, July 10th. This is a 3.7% increase from Toronto Dominion Bank’s previous quarterly dividend of $1.08.

Toronto Dominion Bank has increased its dividend by an average of 0.1%annually over the last three years and has raised its dividend annually for the last 12 consecutive years. Toronto Dominion Bank has a payout ratio of 50.0% meaning its dividend is sufficiently covered by earnings. Research analysts expect Toronto Dominion Bank to earn $7.69 per share next year, which means the company should continue to be able to cover its $3.10 annual dividend with an expected future payout ratio of 40.3%.

Toronto Dominion Bank Stock Performance

Shares of Toronto Dominion Bank stock opened at $113.74 on Friday. The company has a market capitalization of $188.38 billion, a PE ratio of 17.74, a P/E/G ratio of 1.27 and a beta of 0.71. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.05 and a current ratio of 1.05. The company has a 50-day simple moving average of $103.24 and a two-hundred day simple moving average of $96.05. Toronto Dominion Bank has a one year low of $68.08 and a one year high of $114.26.

Toronto Dominion Bank (NYSE:TD) (TSE:TD) last announced its earnings results on Thursday, May 28th. The bank reported $1.74 EPS for the quarter, topping analysts’ consensus estimates of $1.63 by $0.11. The business had revenue of $11.80 billion during the quarter, compared to the consensus estimate of $11.04 billion. Toronto Dominion Bank had a net margin of 13.20% and a return on equity of 14.80%. The firm’s revenue was down 31.1% on a year-over-year basis. During the same period in the previous year, the company posted $1.97 earnings per share. Research analysts expect that Toronto Dominion Bank will post 6.89 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on TD. Zacks Research downgraded shares of Toronto Dominion Bank from a “strong-buy” rating to a “hold” rating in a report on Monday, April 27th. Canadian Imperial Bank of Commerce downgraded shares of Toronto Dominion Bank from a “strong-buy” rating to a “hold” rating in a report on Thursday, February 12th. Raymond James Financial upgraded shares of Toronto Dominion Bank from a “market perform” rating to an “outperform” rating in a report on Tuesday, May 12th. Wall Street Zen downgraded shares of Toronto Dominion Bank from a “hold” rating to a “sell” rating in a report on Saturday, May 23rd. Finally, Scotiabank upgraded shares of Toronto Dominion Bank from a “sector perform” rating to a “sector outperform” rating in a report on Monday, May 4th. Two investment analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Toronto Dominion Bank presently has an average rating of “Moderate Buy”.

Toronto Dominion Bank Company Profile

Toronto-Dominion Bank (TD) is a Canadian multinational banking and financial services company headquartered in Toronto, Ontario. Formed through the 1955 merger of the Bank of Toronto (founded 1855) and the Dominion Bank (founded 1869), TD is one of Canada’s largest banks and offers a broad range of financial products and services to individual, small business, commercial and institutional clients.

TD’s core businesses include Canadian and U.S. personal and commercial banking, wealth management, wholesale banking and insurance.