The Toronto-Dominion Bank (TD) to Issue Quarterly Dividend of $1.05 on January 31st

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 given 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 of this dividend is Friday, January 10th. This is an increase from Toronto-Dominion Bank’s previous quarterly dividend of $1.02.

Toronto-Dominion Bank Stock 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 stock has a market capitalization of C$137.34 billion, a price-to-earnings ratio of 18.17, a price-to-earnings-growth ratio of 1.22 and a beta of 0.82. The firm’s fifty day simple moving average is C$77.32 and its two-hundred day simple moving average is C$79.20.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on TD. Cormark cut their price target on shares of Toronto-Dominion Bank from C$99.00 to C$94.00 in a report on Friday, December 6th. National Bankshares reduced their price target on Toronto-Dominion Bank from C$85.00 to C$80.00 in a report on Friday, December 6th. Jefferies Financial Group raised Toronto-Dominion Bank from a “hold” rating to a “buy” rating and raised their price target for the stock from C$82.00 to C$90.00 in a research note on Thursday, December 12th. Royal Bank of Canada downgraded Toronto-Dominion Bank from an “outperform” rating to a “sector perform” rating and cut their price objective for the company from C$88.00 to C$82.00 in a research report on Friday, October 11th. Finally, Canaccord Genuity Group lifted their target price on Toronto-Dominion Bank from C$87.00 to C$89.00 in a research report on Monday, December 16th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Toronto-Dominion Bank currently has a consensus rating of “Hold” and a consensus target price 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.