Toronto-Dominion Bank Dividend
Dividend criteria checks 5/6
Toronto-Dominion Bank is a dividend paying company with a current yield of 5.08% that is well covered by earnings.
Key information
5.1%
Dividend yield
62%
Payout ratio
Industry average yield | 4.9% |
Next dividend pay date | n/a |
Ex dividend date | n/a |
Dividend per share | n/a |
Earnings per share | CA$6.51 |
Dividend yield forecast in 3Y | 5.4% |
Recent dividend updates
Recent updates
Toronto-Dominion Bank (TSE:TD) Is Increasing Its Dividend To CA$0.96
Mar 07Here's Why We Think Toronto-Dominion Bank (TSE:TD) Is Well Worth Watching
Jan 29Here's Why I Think Toronto-Dominion Bank (TSE:TD) Is An Interesting Stock
Mar 29Toronto-Dominion Bank's (TSE:TD) Dividend Will Be Increased To CA$0.89
Dec 21Here's Why We Think Toronto-Dominion Bank (TSE:TD) Is Well Worth Watching
Dec 01Stability 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) | 5.1% |
Market Bottom 25% (CA) | 1.9% |
Market Top 25% (CA) | 6.6% |
Industry Average (Banks) | 4.9% |
Analyst forecast in 3 Years (TD) | 5.4% |
Notable Dividend: TD's dividend (5.08%) is higher than the bottom 25% of dividend payers in the Canadian market (1.91%).
High Dividend: TD's dividend (5.08%) is low compared to the top 25% of dividend payers in the Canadian market (6.57%).
Current Payout to Shareholders
Earnings Coverage: With its reasonable payout ratio (61.6%), 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 (50.7% payout ratio).