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
How does TD dividend yield compare to the 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).