Toronto Dominion Bank (The) (NYSE:TD) Increases Dividend to C$1.08 Per Share

Toronto Dominion Bank (The) (NYSE:TD) (TSE:TD) announced a quarterly dividend on Thursday, December 4th. Shareholders of record on Friday, January 9th will be given a dividend of 1.08 per share by the bank on Saturday, January 31st. This represents a c) annualized dividend and a yield of 5.0%. The ex-dividend date is Friday, January 9th. This is a 2.9% increase from Toronto Dominion Bank’s previous quarterly dividend of $1.05.

Toronto Dominion Bank has increased its dividend payment by an average of 0.1%annually over the last three years and has increased its dividend annually for the last 12 consecutive years. Toronto Dominion Bank has a payout ratio of 48.5% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Toronto Dominion Bank to earn $5.95 per share next year, which means the company should continue to be able to cover its $3.01 annual dividend with an expected future payout ratio of 50.6%.

Toronto Dominion Bank Trading Up 2.0%

Shares of NYSE:TD traded up $1.67 during trading on Thursday, reaching $86.04. 3,247,223 shares of the company were exchanged, compared to its average volume of 2,047,163. The business’s fifty day simple moving average is $81.19 and its 200-day simple moving average is $75.92. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.02 and a quick ratio of 1.02. Toronto Dominion Bank has a 12-month low of $51.25 and a 12-month high of $86.34. The firm has a market capitalization of $145.36 billion, a PE ratio of 10.05, a P/E/G ratio of 1.38 and a beta of 0.69.

Toronto Dominion Bank (NYSE:TD) (TSE:TD) last announced its quarterly earnings data on Thursday, December 4th. The bank reported $1.56 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.46 by $0.10. The company had revenue of $11.44 billion for the quarter, compared to analysts’ expectations of $10.10 billion. Toronto Dominion Bank had a return on equity of 13.59% and a net margin of 16.40%.Toronto Dominion Bank’s revenue was down .1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.72 earnings per share. On average, research analysts anticipate that Toronto Dominion Bank will post 5.48 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. True Wealth Design LLC acquired a new stake in Toronto Dominion Bank during the 3rd quarter worth about $27,000. Mather Group LLC. acquired a new stake in shares of Toronto Dominion Bank during the third quarter worth about $30,000. Sachetta LLC purchased a new position in Toronto Dominion Bank during the 3rd quarter worth approximately $33,000. Quaker Wealth Management LLC lifted its stake in Toronto Dominion Bank by 200.0% during the 2nd quarter. Quaker Wealth Management LLC now owns 428 shares of the bank’s stock valued at $31,000 after acquiring an additional 856 shares during the period. Finally, Elevation Point Wealth Partners LLC acquired a new stake in Toronto Dominion Bank during the 2nd quarter valued at approximately $32,000. Hedge funds and other institutional investors own 52.37% of the company’s stock.

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.