The Toronto-Dominion Bank (TSE:TD) to Issue Quarterly Dividend of $1.05

The Toronto-Dominion Bank (TSE:TD - Get Free Report) NYSE: TD declared 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 5.39%. The ex-dividend date of this dividend is Friday, January 10th. This is a boost from Toronto-Dominion Bank's previous quarterly dividend of $1.02.

Toronto-Dominion Bank Trading Down 0.7 %

TSE:TD traded down C$0.56 during midday trading on Wednesday, reaching C$77.92. The company had a trading volume of 23,749,555 shares, compared to its average volume of 20,912,508. The firm has a market capitalization of C$136.36 billion, a price-to-earnings ratio of 18.04, a PEG ratio of 1.22 and a beta of 0.82. The stock's fifty day simple moving average is C$77.31 and its 200-day simple moving average is C$79.23. Toronto-Dominion Bank has a 12-month low of C$73.22 and a 12-month high of C$87.99.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the company. National Bankshares cut their price target on Toronto-Dominion Bank from C$85.00 to C$80.00 in a research note on Friday, December 6th. BMO Capital Markets upgraded Toronto-Dominion Bank from a "market perform" rating to an "outperform" rating and set a C$90.00 target price on the stock in a research report on Thursday, December 19th. Royal Bank of Canada lifted their target price on Toronto-Dominion Bank from C$77.00 to C$86.00 and gave the stock a "sector perform" rating in a research report on Wednesday. Jefferies Financial Group upgraded Toronto-Dominion Bank from a "hold" rating to a "buy" rating and lifted their target price for the stock from C$82.00 to C$90.00 in a research report on Thursday, December 12th. Finally, Desjardins cut Toronto-Dominion Bank from a "moderate buy" rating to a "hold" rating in a research report on Thursday, December 5th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Toronto-Dominion Bank presently has a consensus rating of "Hold" and a consensus target price of C$86.83.

Toronto-Dominion Bank Company Profile

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.