The Toronto-Dominion Bank (TSE:TD) Raises Dividend to $1.12 Per Share

The Toronto-Dominion Bank (TSE:TD) (NYSE:TD) announced a quarterly dividend on Friday, July 10th, TickerTech Dividends reports. Stockholders of record on Friday, July 31st will be given a dividend of 1.12 per share on Friday, July 31st. This represents a c) dividend on an annualized basis and a dividend yield of 2.6%. 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 Price Performance

Shares of TSE TD opened at C$172.36 on Wednesday. The stock’s 50-day moving average is C$158.15 and its two-hundred day moving average is C$141.23. The company has a market cap of C$284.75 billion, a price-to-earnings ratio of 20.23, a price-to-earnings-growth ratio of 1.22 and a beta of 0.89. Toronto-Dominion Bank has a 1-year low of C$99.51 and a 1-year high of C$172.98.

Toronto-Dominion Bank (TSE:TD) (NYSE:TD) last announced its quarterly earnings data on Thursday, May 28th. The company reported C$2.38 earnings per share for the quarter. The business had revenue of C$16.04 billion for the quarter. Toronto-Dominion Bank had a net margin of 13.21% and a return on equity of 11.85%. Equities research analysts anticipate that Toronto-Dominion Bank will post 7.2160149 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the stock. Scotiabank upped their price objective on shares of Toronto-Dominion Bank from C$164.00 to C$169.00 and gave the company a “sector outperform” rating in a research note on Tuesday, June 16th. Desjardins boosted their price objective on shares of Toronto-Dominion Bank from C$154.00 to C$160.00 and gave the company a “buy” rating in a research note on Friday, May 29th. Canaccord Genuity Group increased their target price on Toronto-Dominion Bank from C$169.00 to C$185.00 and gave the stock a “buy” rating in a research note on Tuesday. National Bank Financial raised their price objective on shares of Toronto-Dominion Bank from C$157.00 to C$162.00 and gave the company an “outperform” rating in a research note on Friday, May 29th. Finally, Royal Bank Of Canada reduced their price objective on Toronto-Dominion Bank from C$148.00 to C$138.00 and set an “outperform” rating for the company in a report on Wednesday, March 25th. Seven research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Toronto-Dominion Bank currently has a consensus rating of “Moderate Buy” and an average target price of C$151.42.

About Toronto-Dominion Bank

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.