Toronto-Dominion Bank Dividends and Buybacks
Dividend criteria checks 5/6
Toronto-Dominion Bank is a dividend paying company with a current yield of 2.97% that is well covered by earnings. Next payment date is on 30th April, 2026 with an ex-dividend date of 9th April, 2026.
Key information
3.0%
Dividend yield
3.5%
Buyback Yield
| Total Shareholder Yield | 6.4% |
| Future Dividend Yield | 3.1% |
| Dividend Growth | 7.5% |
| Next dividend pay date | 30 Apr 26 |
| Ex dividend date | 09 Apr 26 |
| Dividend per share | n/a |
| Payout ratio | 34% |
Recent dividend and buyback updates
Recent updates
The "Anti-Fragile" Giant: Is the Regulatory Discount Finally Fading
As of February 2026, the story for Toronto-Dominion Bank (TD) is one of redemption and recovery. After a 2024 and 2025 defined by regulatory scrutiny over its anti-money laundering (AML) protocols and the collapsed First Horizon merger, TD has spent the last year aggressively "cleaning house." The bank has successfully overhauled its compliance infrastructure and re-established its "Retail King" status in Canada.
Expanding Fee-Based Services And Digital Innovations Will Drive Revenue Growth And Boost Earnings
Strategic reviews, digital investments, and fee-based business expansions aim to enhance TD Bank's competitive position, revenue, and long-term earnings.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) | 3.0% |
| Market Bottom 25% (CA) | 1.6% |
| Market Top 25% (CA) | 5.6% |
| Industry Average (Banks) | 3.0% |
| Analyst forecast (TD) (up to 3 years) | 3.1% |
Notable Dividend: TD's dividend (2.97%) is higher than the bottom 25% of dividend payers in the Canadian market (1.62%).
High Dividend: TD's dividend (2.97%) is low compared to the top 25% of dividend payers in the Canadian market (5.57%).
Current Payout to Shareholders
Earnings Coverage: With its reasonably low payout ratio (34.1%), TD's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: TD's dividends in 3 years are forecast to be well covered by earnings (44% payout ratio).
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/04/20 23:34 |
| End of Day Share Price | 2026/04/20 00:00 |
| Earnings | 2026/01/31 |
| Annual Earnings | 2025/10/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
The Toronto-Dominion Bank is covered by 23 analysts. 10 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Mark Rosen | Accountability Research Corporation |
| Lemar Persaud | ATB Cormark Historical (Cormark Securities) |
| John Aiken | Barclays |