Toronto-Dominion Bank (NYSE:TD) (TSE:TD) announced a quarterly dividend on Friday, May 24th, Wall Street Journal reports. Investors of record on Wednesday, July 10th will be given a dividend of 0.5511 per share by the bank on Wednesday, July 31st. This represents a $2.20 dividend on an annualized basis and a dividend yield of 3.75%. The ex-dividend date of this dividend is Tuesday, July 9th.
Toronto-Dominion Bank has raised its dividend by an average of 5.6% annually over the last three years and has increased its dividend every year for the last 2 years.
Toronto-Dominion Bank stock opened at $58.72 on Friday. The company has a 50 day simple moving average of $57.32. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.95 and a current ratio of 0.95. The stock has a market capitalization of $107.42 billion, a P/E ratio of 11.67, a PEG ratio of 1.87 and a beta of 1.03. Toronto-Dominion Bank has a 1-year low of $47.73 and a 1-year high of $62.00.
Toronto-Dominion Bank (NYSE:TD) (TSE:TD) last posted its earnings results on Thursday, May 23rd. The bank reported $1.75 EPS for the quarter, topping the Zacks’ consensus estimate of $1.25 by $0.50. Toronto-Dominion Bank had a return on equity of 16.21% and a net margin of 20.24%. The company had revenue of $10.23 billion for the quarter, compared to the consensus estimate of $9.46 billion. During the same period in the previous year, the business earned $1.62 earnings per share. Toronto-Dominion Bank’s quarterly revenue was up 8.0% compared to the same quarter last year. Research analysts expect that Toronto-Dominion Bank will post 5.06 EPS for the current fiscal year.
Several research firms recently commented on TD. Canaccord Genuity reiterated a “buy” rating on shares of Toronto-Dominion Bank in a research note on Thursday, May 23rd. BMO Capital Markets reiterated a “buy” rating on shares of Toronto-Dominion Bank in a research note on Friday, May 24th. Barclays reiterated a “hold” rating on shares of Bank of Montreal in a research note on Tuesday, June 11th. National Bank Financial downgraded Toronto-Dominion Bank from an “outperform” rating to a “sector perform” rating in a research report on Thursday, May 23rd. Finally, Zacks Investment Research raised Vistra Energy from a “hold” rating to a “buy” rating and set a $25.00 price target for the company in a research report on Saturday. Four investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $72.00.
Toronto-Dominion Bank Company Profile
The Toronto-Dominion Bank, together with its subsidiaries, provides various personal and commercial banking products and services in Canada and the United States. The company operates through three segments: Canadian Retail, U.S. Retail, and Wholesale Banking. It offers personal deposits, such as checking, savings, and investment products; financing, investment, cash management, international trade, and day-to-day banking services to businesses; financing options to customers at point of sale for automotive and recreational vehicle purchases through auto dealer network; credit cards; investing, advice-based, and asset management services to retail and institutional clients; and property and casualty insurance, as well as life and health insurance products.
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