Toronto-Dominion Bank is a dividend paying company with a current yield of 5.35% 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
5.4%
Dividend yield
66%
Payout ratio
Industry average yield
3.0%
Next dividend pay date
31 Jul 24
Ex dividend date
10 Jul 24
Dividend per share
n/a
Earnings per share
US$6.11
Dividend yield forecast in 3Y
5.6%
Recent dividend updates
Recent updates
Upcoming Dividend Payment
Stability and Growth of Payments
Fetching dividends data
Stable Dividend: TDBK.F's dividends per share have been stable in the past 10 years.
Growing Dividend: TDBK.F's dividend payments have increased over the past 10 years.
Dividend Yield vs Market
Toronto-Dominion Bank Dividend Yield vs Market
How does TDBK.F dividend yield compare to the market?
Segment
Dividend Yield
Company (TDBK.F)
5.4%
Market Bottom 25% (US)
1.5%
Market Top 25% (US)
4.7%
Industry Average (Banks)
3.0%
Analyst forecast in 3 Years (TDBK.F)
5.6%
Notable Dividend: TDBK.F's dividend (5.35%) is higher than the bottom 25% of dividend payers in the US market (1.52%).
High Dividend: TDBK.F's dividend (5.35%) is in the top 25% of dividend payers in the US market (4.7%)
Current Payout to Shareholders
Earnings Coverage: With its reasonable payout ratio (66.1%), TDBK.F's dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: TDBK.F's dividends in 3 years are forecast to be well covered by earnings (49.8% payout ratio).