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

The Toronto-Dominion Bank (NYSE:TD) (TSE:TD) declared a quarterly dividend on Friday, February 28th, Wall Street Journal reports. Shareholders of record on Thursday, April 10th will be paid a dividend of 0.7278 per share by the bank on Wednesday, April 30th. This represents a $2.91 annualized dividend and a yield of 4.86%. The ex-dividend date is Thursday, April 10th.

Toronto-Dominion Bank has raised its dividend payment by an average of 8.0% annually over the last three years and has increased its dividend every year for the last 11 years. Toronto-Dominion Bank has a payout ratio of 49.0% indicating that its dividend is sufficiently covered by earnings. 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 $2.91 annual dividend with an expected future payout ratio of 48.9%.

Toronto-Dominion Bank Stock Performance

TD opened at $59.89 on Friday. The stock has a market cap of $104.94 billion, a PE ratio of 17.26, a P/E/G ratio of 1.95 and a beta of 0.84. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.11. Toronto-Dominion Bank has a 1 year low of $51.25 and a 1 year high of $64.91. The stock’s 50 day simple moving average is $56.78 and its 200-day simple moving average is $57.64.

Analysts Set New Price Targets

TD has been the topic of a number of research reports. BMO Capital Markets upgraded Toronto-Dominion Bank from a “market perform” rating to an “outperform” rating in a research report on Thursday, December 19th. Royal Bank of Canada lowered their price objective on Toronto-Dominion Bank from $82.00 to $77.00 and set a “sector perform” rating on the stock in a research report on Friday, December 6th. Jefferies Financial Group cut Toronto-Dominion Bank from a “buy” rating to a “hold” rating in a research report on Tuesday, February 18th. Barclays cut Toronto-Dominion Bank from an “equal weight” rating to an “underweight” rating in a research report on Thursday, November 21st. Finally, Desjardins cut Toronto-Dominion Bank from a “buy” rating to a “hold” rating in a research report on Friday, December 6th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, Toronto-Dominion Bank presently has an average rating of “Hold” and an average target price of $80.50.

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.