Toronto-Dominion Bank is a dividend paying company with a current yield of 5.43% that is well covered by earnings. Next payment date is on 31st July, 2024 with an ex-dividend date of 10th July, 2024.
Key information
5.4%
Dividend yield
66%
Payout ratio
Industry average yield
5.0%
Next dividend pay date
31 Jul 24
Ex dividend date
10 Jul 24
Dividend per share
n/a
Earnings per share
CA$6.15
Dividend yield forecast in 3Y
6.0%
Recent dividend updates
Recent updates
Upcoming Dividend Payment
Stability and Growth of Payments
Fetching dividends data
Stable Dividend: TD's dividends per share have been stable in the past 10 years.
Growing Dividend: TD's dividend payments have increased over the past 10 years.
Dividend Yield vs Market
Toronto-Dominion Bank Dividend Yield vs Market
How does TD dividend yield compare to the market?
Segment
Dividend Yield
Company (TD)
5.4%
Market Bottom 25% (CA)
1.8%
Market Top 25% (CA)
6.6%
Industry Average (Banks)
5.0%
Analyst forecast in 3 Years (TD)
6.0%
Notable Dividend: TD's dividend (5.43%) is higher than the bottom 25% of dividend payers in the Canadian market (1.8%).
High Dividend: TD's dividend (5.43%) is low compared to the top 25% of dividend payers in the Canadian market (6.62%).
Current Payout to Shareholders
Earnings Coverage: With its reasonable payout ratio (66.1%), TD's dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: TD's dividends in 3 years are forecast to be covered by earnings (50.8% payout ratio).