The Toronto-Dominion Bank and its subsidiaries are collectively known as TD Bank Group (“TD” or the “Bank”). This represents a $1.70 annualized dividend and a dividend yield of 3.85%.
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The dividend payout date was recorded as 2016-07-31. The Toronto-Dominion Bank trades under the symbol “TD” on the Toronto and New York Stock Exchanges.
Here’s a look at how TD Bank fared in the most recent quarter, and what investors can expect going forward. Toronto-Dominion Bank (NYSE:TD) has risen 21.92% since January 22, 2016 and is uptrending. CSFB raised shares of Toronto-Dominion Bank from a “neutral” rating to an “outperform” rating and boosted their price objective for the company from C$62.00 to C$65.00 in a research report on Tuesday, May 3rd.
Under the Plan, the Bank has the discretion to either purchase the additional common shares in the open market or issue them from treasury. Shares of Toronto-Dominion Bank (NYSE:TD) now have an ABR of 2.40, derived from a total of 5 opinions. One analyst has rated the stock with a sell rating, one has assigned a hold rating and eight have given a buy rating to the company’s stock. Toronto-Dominion Bank makes up approx 0.04% of Hightower Advisors’s portfolio.Condor Capital Management reduced its stake in TD by selling 1,000 shares or 11.25% in the most recent quarter.
Registered holders of record of the Bank’s common shares wishing to join the Plan can obtain an Enrolment Form from CST Trust Company (1-800-387-0825) or on the Bank’s website, www.td.com/investor/drip.jsp. The company’s price sits 2.79% above from its 50-day moving average of $43.58 and 9.05% above from the stock’s 200-day moving average of $42.58. Toronto-Dominion Bank presently has an average rating of “Buy” and an average price target of C$60.15. Toronto-Dominion posted a 4 percent increase in quarterly profit from a year earlier as gains from its USA bank and capital-markets business offset declining domestic retail operations. The company reported $1.27 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.21 by $0.06. The company’s price to sales ratio for trailing twelve months is 4.13 and price to book ratio for most recent quarter is 1.68, whereas price to cash per share for the most recent quarter is 0.48. During the same quarter in the prior year, the company earned $1.20 earnings per share.
Last year, the company paid $0.426 per share in dividends.
Sell-side Wall Street analysts are anticipating Toronto-Dominion Bank (NYSE:TD) will post a current quarter earnings per share of $0.93.
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The Toronto-Dominion Bank (the Bank) operates as a bank in North America. U.S. Retail consists of the Bank’s retail and commercial banking operations operating under the brand TD Bank America’s Most Convenient Bank and wealth management services in the United States.
