Toronto-Dominion Bank (TSE:TD) (NYSE:TD) announced a quarterly dividend on Thursday, May 23rd, Zacks reports. Investors of record on Wednesday, July 10th will be given a dividend of 0.74 per share on Wednesday, July 31st. This represents a $2.96 dividend on an annualized basis and a dividend yield of 3.87%. The ex-dividend date of this dividend is Tuesday, July 9th.
TD opened at C$76.53 on Friday. The business’s fifty day moving average price is C$76.06. The stock has a market capitalization of $140.00 billion and a P/E ratio of 12.34. Toronto-Dominion Bank has a one year low of C$65.56 and a one year high of C$80.05.
Toronto-Dominion Bank (TSE:TD) (NYSE:TD) last posted its earnings results on Thursday, May 23rd. The company reported C$1.75 EPS for the quarter, topping the Zacks’ consensus estimate of C$1.67 by C$0.08. The firm had revenue of C$10.23 billion for the quarter, compared to analysts’ expectations of C$9.68 billion. As a group, research analysts predict that Toronto-Dominion Bank will post 7.3499997 EPS for the current fiscal year.
TD has been the subject of a number of analyst reports. CSFB set a C$81.00 price target on Toronto-Dominion Bank and gave the stock an “outperform” rating in a report on Thursday, May 16th. National Bank Financial upped their target price on Toronto-Dominion Bank from C$83.00 to C$85.00 and gave the company an “outperform” rating 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. Desjardins upped their target price on Toronto-Dominion Bank from C$82.00 to C$83.00 in a research note on Tuesday, May 14th. Finally, Canaccord Genuity reiterated a “hold” rating and issued a GBX 365 ($4.77) target price on shares of Crest Nicholson in a research note on Wednesday, May 15th. One investment analyst has 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 C$85.67.
In other news, Senior Officer Riaz Ahmed sold 67,008 shares of the company’s stock in a transaction dated Tuesday, June 11th. The stock was sold at an average price of C$75.52, for a total value of C$5,060,444.16. Following the completion of the sale, the insider now owns 351,232 shares of the company’s stock, valued at C$26,525,040.64. Also, Senior Officer Frank Joseph Mckenna sold 20,000 shares of the company’s stock in a transaction dated Monday, June 17th. The stock was sold at an average price of C$76.14, for a total value of C$1,522,800.00.
About Toronto-Dominion Bank
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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