Toronto-Dominion Bank Dividend
Dividend criteria checks 4/6
Toronto-Dominion Bank is a dividend paying company with a current yield of 5.08%. Next payment date is on 31st October, 2024 with an ex-dividend date of 10th October, 2024.
Key information
5.1%
Dividend yield
93%
Payout ratio
| Industry average yield | 4.7% |
| 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 in 3Y | 5.7% |
Recent dividend updates
Recent updates
Upcoming Dividend Payment
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) | 5.1% |
| Market Bottom 25% (CA) | 1.8% |
| Market Top 25% (CA) | 6.1% |
| Industry Average (Banks) | 4.7% |
| Analyst forecast in 3 Years (TD) | 5.7% |
Notable Dividend: TD's dividend (5.08%) is higher than the bottom 25% of dividend payers in the Canadian market (1.76%).
High Dividend: TD's dividend (5.08%) is low compared to the top 25% of dividend payers in the Canadian market (6.08%).
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).