The Toronto-Dominion Bank (TSE:TD) Raises Dividend to $1.05 Per Share

The Toronto-Dominion Bank (TSE:TD) (NYSE:TD) declared a quarterly dividend on Friday, January 10th,TickerTech Dividends reports. Investors of record on Friday, January 31st will be paid 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 positive change from Toronto-Dominion Bank’s previous quarterly dividend of $1.02.

Toronto-Dominion Bank Stock Performance

Toronto-Dominion Bank stock opened at C$78.48 on Wednesday. The stock has a market cap of C$137.34 billion, a PE ratio of 18.17, a price-to-earnings-growth ratio of 1.22 and a beta of 0.82. The stock has a 50-day moving average of C$77.32 and a two-hundred day moving average of C$79.20. Toronto-Dominion Bank has a one year low of C$73.22 and a one year high of C$87.99.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the stock. National Bankshares decreased their price objective on shares of Toronto-Dominion Bank from C$85.00 to C$80.00 in a research report on Friday, December 6th. BMO Capital Markets raised shares of Toronto-Dominion Bank from a “market perform” rating to an “outperform” rating and set a C$90.00 price target for the company in a report on Thursday, December 19th. Cormark dropped their price objective on shares of Toronto-Dominion Bank from C$99.00 to C$94.00 in a report on Friday, December 6th. Canaccord Genuity Group raised their target price on Toronto-Dominion Bank from C$87.00 to C$89.00 in a research note on Monday, December 16th. Finally, Scotiabank downgraded Toronto-Dominion Bank from an “outperform” rating to a “sector perform” rating and dropped their price target for the company from C$98.00 to C$81.00 in a research note on Friday, December 6th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, five have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Toronto-Dominion Bank currently has an average rating of “Hold” and a consensus price target 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.