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

The Toronto-Dominion Bank (NYSE:TD) (TSE:TD) announced a quarterly dividend on Friday, December 6th,Wall Street Journal reports. Shareholders of record on Friday, January 10th will be given a dividend of 0.7482 per share by the bank on Friday, January 31st. This represents a $2.99 annualized dividend and a yield of 5.47%. The ex-dividend date of this dividend is Friday, January 10th. This is a positive change from Toronto-Dominion Bank’s previous quarterly dividend of $0.74.

Toronto-Dominion Bank has raised its dividend by an average of 8.9% per year over the last three years and has increased its dividend every year for the last 11 years. Toronto-Dominion Bank has a dividend payout ratio of 49.7% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Toronto-Dominion Bank to earn $6.05 per share next year, which means the company should continue to be able to cover its $2.91 annual dividend with an expected future payout ratio of 48.1%.

Toronto-Dominion Bank Stock Up 0.8 %

TD opened at $54.68 on Wednesday. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.03 and a quick ratio of 1.02. The stock has a market capitalization of $95.71 billion, a price-to-earnings ratio of 15.76, a price-to-earnings-growth ratio of 1.69 and a beta of 0.83. The business has a 50-day moving average of $54.62 and a two-hundred day moving average of $57.34. Toronto-Dominion Bank has a 12 month low of $51.25 and a 12 month high of $65.12.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the company. Desjardins cut Toronto-Dominion Bank from a “buy” rating to a “hold” rating in a report on Friday, December 6th. Scotiabank cut Toronto-Dominion Bank from a “sector outperform” rating to a “sector perform” rating in a report on Friday, December 6th. StockNews.com cut Toronto-Dominion Bank from a “hold” rating to a “sell” rating in a report on Friday, December 27th. BMO Capital Markets upgraded Toronto-Dominion Bank from a “market perform” rating to an “outperform” rating in a report on Thursday, December 19th. Finally, Barclays lowered Toronto-Dominion Bank from an “equal weight” rating to an “underweight” rating in a research report on Thursday, November 21st. Two research analysts have rated the stock with a sell rating, five have given a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Toronto-Dominion Bank currently has a consensus rating of “Hold” and an average target price of $80.50.

About Toronto-Dominion Bank

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.