The Toronto-Dominion Bank (TD) To Go Ex-Dividend on October 9th

The Toronto-Dominion Bank (TSE:TD) (NYSE:TD) announced a quarterly dividend on Friday, October 9th. Shareholders of record on Saturday, October 31st will be paid a dividend of $1.12 per share on Saturday, October 31st. This represents a $4.48 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date is Friday, October 9th.

Toronto-Dominion Bank Trading Up 0.5%

Shares of TD opened at C$168.06 on Wednesday. The company’s 50 day simple moving average is C$168.17 and its 200-day simple moving average is C$158.75. The firm has a market cap of C$274.44 billion, a PE ratio of 17.99, a price-to-earnings-growth ratio of 1.22 and a beta of 0.84. Toronto-Dominion Bank has a 12-month low of C$109.50 and a 12-month high of C$175.33.

Toronto-Dominion Bank (TSE:TD) (NYSE:TD) last released its quarterly earnings results on Thursday, August 27th. The company reported C$2.77 EPS for the quarter. The firm had revenue of C$16.93 billion during the quarter. Toronto-Dominion Bank had a net margin of 14.36% and a return on equity of 12.83%. As a group, equities research analysts forecast that Toronto-Dominion Bank will post 7.2160149 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the stock. Canaccord Genuity Group reduced their target price on shares of Toronto-Dominion Bank from C$197.00 to C$196.00 in a report on Thursday, September 3rd. Barclays raised their price target on Toronto-Dominion Bank from C$164.00 to C$167.00 and gave the stock an “underweight” rating in a report on Friday, August 28th. Canadian Imperial Bank of Commerce boosted their price target on Toronto-Dominion Bank from C$184.00 to C$188.00 and gave the company a “neutral” rating in a research report on Thursday, September 3rd. Raymond James Financial upped their price objective on Toronto-Dominion Bank from C$155.00 to C$180.00 and gave the company an “outperform” rating in a research note on Wednesday, August 12th. Finally, Desjardins set a C$183.00 price objective on Toronto-Dominion Bank and gave the stock a “buy” rating in a research report on Wednesday, September 2nd. Seven research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of C$171.08.

Toronto-Dominion Bank Company Profile

TD Asset Management Inc (‘TDAM’), a member of TD Bank Group, is a Canadian investment management firm with a growing global presence. Bringing together three decades of investment experience, our broad selection of strategies and solutions includes fundamental equities, quantitative and passive equities, fixed income across the credit quality spectrum and alternatives, such as private credit, infrastructure and real estate. TDAM offers institutional investment solutions to corporations, pension funds, endowments and foundations, sovereign wealth funds and superannuation funds, among others.