Toronto-Dominion Bank Dividend
Dividend criteria checks 4/6
Toronto-Dominion Bank is a dividend paying company with a current yield of 4.71%. Next payment date is on 31st October, 2024 with an ex-dividend date of 10th October, 2024.
Key information
4.7%
Dividend yield
93%
Payout ratio
| Industry average yield | 4.3% |
| Next dividend pay date | 31 Oct 24 |
| Ex dividend date | 10 Oct 24 |
| Dividend per share | CA$4.080 |
| Earnings per share | CA$4.40 |
| Dividend yield forecast | 5.2% |
Recent dividend updates
Recent updates
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 |
|---|
| Segment | Dividend Yield |
|---|---|
| Company (TD) | 4.7% |
| Market Bottom 25% (CA) | 1.7% |
| Market Top 25% (CA) | 5.9% |
| Industry Average (Banks) | 4.3% |
| Analyst forecast (TD) (up to 3 years) | 5.2% |
Notable Dividend: TD's dividend (4.71%) is higher than the bottom 25% of dividend payers in the Canadian market (1.69%).
High Dividend: TD's dividend (4.71%) is low compared to the top 25% of dividend payers in the Canadian market (5.93%).
Current Payout to Shareholders
Earnings Coverage: With its high payout ratio (92.7%), TD's dividend payments are not well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: TD's dividends in 3 years are forecast to be covered by earnings (51% payout ratio).