The Toronto-Dominion Bank (TSE:TD) Declares 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. Investors 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 dividend on an annualized basis 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 Stock Up 0.9 %

Shares of TSE TD opened at C$78.48 on Wednesday. The stock has a market capitalization of C$137.34 billion, a PE ratio of 18.17, a P/E/G ratio of 1.22 and a beta of 0.82. The firm has a fifty day moving average of C$77.32 and a 200-day moving average of C$79.20. Toronto-Dominion Bank has a 52-week low of C$73.22 and a 52-week high of C$87.99.

Analysts Set New Price Targets

Several equities research analysts have commented on TD shares. Canaccord Genuity Group upped their price target on Toronto-Dominion Bank from C$87.00 to C$89.00 in a research note on Monday, December 16th. Scotiabank downgraded shares of Toronto-Dominion Bank from an “outperform” rating to a “sector perform” rating and dropped their target price for the stock from C$98.00 to C$81.00 in a research report on Friday, December 6th. Royal Bank of Canada cut shares of 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 research report on Friday, October 11th. Cormark dropped their price objective on shares of Toronto-Dominion Bank from C$99.00 to C$94.00 in a research report on Friday, December 6th. Finally, CIBC reduced their target price on shares of Toronto-Dominion Bank from C$93.00 to C$90.00 in a report on Friday, December 6th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average 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.