Toronto-Dominion Bank Dividend
Dividend criteria checks 5/6
Toronto-Dominion Bank is a dividend paying company with a current yield of 5.1% that is well covered by earnings.
Key information
5.1%
Dividend yield
66%
Payout ratio
Industry average yield | 4.7% |
Next dividend pay date | n/a |
Ex dividend date | n/a |
Dividend per share | CA$4.080 |
Earnings per share | CA$6.15 |
Dividend yield forecast in 3Y | 5.8% |
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 |
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Segment | Dividend Yield |
---|---|
Company (TD) | 5.1% |
Market Bottom 25% (CA) | 1.8% |
Market Top 25% (CA) | 6.3% |
Industry Average (Banks) | 4.7% |
Analyst forecast in 3 Years (TD) | 5.8% |
Notable Dividend: TD's dividend (5.1%) is higher than the bottom 25% of dividend payers in the Canadian market (1.81%).
High Dividend: TD's dividend (5.1%) is low compared to the top 25% of dividend payers in the Canadian market (6.31%).
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 (51.5% payout ratio).