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

The Toronto-Dominion Bank (TSE:TD) (NYSE:TD) announced a quarterly dividend on Thursday, February 27th, RTT News reports. Shareholders of record on Thursday, April 10th will be given a dividend of 1.05 per share on Wednesday, April 30th. This represents a $4.20 dividend on an annualized basis and a yield of 4.85%.

Toronto-Dominion Bank Price Performance

TSE:TD opened at C$86.64 on Friday. The business has a fifty day simple moving average of C$81.46 and a two-hundred day simple moving average of C$80.69. Toronto-Dominion Bank has a 1 year low of C$73.22 and a 1 year high of C$87.99. The company has a market capitalization of C$152.00 billion, a P/E ratio of 17.17, a P/E/G ratio of 1.22 and a beta of 0.82.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on TD shares. BMO Capital Markets raised Toronto-Dominion Bank from a “market perform” rating to an “outperform” rating and set a C$90.00 target price for the company in a research report on Thursday, December 19th. UBS Group raised their target price on Toronto-Dominion Bank from C$83.00 to C$90.00 in a research report on Friday, February 14th. Jefferies Financial Group cut Toronto-Dominion Bank from a “buy” rating to a “hold” rating and lifted their price target for the company from C$90.00 to C$99.00 in a research report on Tuesday, February 18th. Scotiabank reduced their price target on Toronto-Dominion Bank from C$83.00 to C$82.00 and set a “sector perform” rating for the company in a research report on Thursday, February 20th. Finally, Royal Bank of Canada lifted their price target on Toronto-Dominion Bank from C$77.00 to C$86.00 and gave the company a “sector perform” rating in a research report on Wednesday, January 8th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of C$88.83.

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.