The Toronto-Dominion Bank (TSE:TD) Plans Dividend Increase – $1.05 Per Share

The Toronto-Dominion Bank (TSE:TD) (NYSE:TD) announced a quarterly dividend on Friday, January 10th,TickerTech Dividends reports. Shareholders of record on Friday, January 31st will be given a dividend of 1.05 per share on Friday, January 31st. This represents a $4.20 annualized dividend and a yield of 5.35%. The ex-dividend date is Friday, January 10th. This is a boost from Toronto-Dominion Bank’s previous quarterly dividend of $1.02.

Toronto-Dominion Bank Trading Up 0.9 %

Shares of TD stock opened at C$78.48 on Wednesday. Toronto-Dominion Bank has a twelve month low of C$73.22 and a twelve month high of C$87.99. The business’s 50 day moving average is C$77.32 and its two-hundred day moving average is C$79.20. The company has a market capitalization of C$137.34 billion, a P/E ratio of 18.17, a price-to-earnings-growth ratio of 1.22 and a beta of 0.82.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on TD shares. BMO Capital Markets upgraded shares of Toronto-Dominion Bank from a “market perform” rating to an “outperform” rating and set a C$90.00 price objective for the company in a research report on Thursday, December 19th. Scotiabank cut shares of Toronto-Dominion Bank from an “outperform” rating to a “sector perform” rating and cut their price target for the stock from C$98.00 to C$81.00 in a report on Friday, December 6th. National Bankshares lowered their price objective on Toronto-Dominion Bank from C$85.00 to C$80.00 in a report on Friday, December 6th. Cormark cut their target price on Toronto-Dominion Bank from C$99.00 to C$94.00 in a research note on Friday, December 6th. Finally, Royal Bank of Canada cut Toronto-Dominion Bank from an “outperform” rating to a “sector perform” rating and reduced their price target for the company from C$88.00 to C$82.00 in a report on Friday, October 11th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of C$86.50.

About Toronto-Dominion Bank

The Toronto-Dominion Bank, together with its subsidiaries, provides various financial products and services in Canada, the United States, and internationally. It operates through four segments: Canadian Personal and Commercial Banking, U.S. Retail, Wealth Management and Insurance, and Wholesale Banking.