The Toronto-Dominion Bank

TSX:TD Stock Report

Market Cap: CA$130.0b

Toronto-Dominion Bank Dividend

Dividend criteria checks 5/6

Toronto-Dominion Bank is a dividend paying company with a current yield of 5.48% 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

5.5%

Dividend yield

66%

Payout ratio

Industry average yield5.0%
Next dividend pay date31 Jul 24
Ex dividend date10 Jul 24
Dividend per sharen/a
Earnings per shareCA$6.11
Dividend yield forecast in 3Y6.0%

Recent dividend updates

Recent updates

Upcoming Dividend Payment

TodayJun 19 2024Ex Dividend DateJul 10 2024Dividend Pay DateJul 31 202421 days from Ex DividendBuy in the next 21 days to receive the upcoming dividend

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?
SegmentDividend Yield
Company (TD)5.5%
Market Bottom 25% (CA)1.9%
Market Top 25% (CA)6.6%
Industry Average (Banks)5.0%
Analyst forecast in 3 Years (TD)6.0%

Notable Dividend: TD's dividend (5.48%) is higher than the bottom 25% of dividend payers in the Canadian market (1.87%).

High Dividend: TD's dividend (5.48%) is low compared to the top 25% of dividend payers in the Canadian market (6.55%).


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).


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