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

The Toronto-Dominion Bank (TSE:TD) (NYSE:TD) declared a quarterly dividend on Thursday, February 27th, RTT News reports. Investors of record on Thursday, April 10th will be paid a dividend of 1.05 per share on Wednesday, April 30th. This represents a $4.20 annualized dividend and a yield of 4.87%.

Toronto-Dominion Bank Trading Up 0.7 %

Shares of TD stock opened at C$86.28 on Friday. Toronto-Dominion Bank has a 1-year low of C$73.22 and a 1-year high of C$87.99. The stock has a market cap of C$151.37 billion, a price-to-earnings ratio of 17.10, a PEG ratio of 1.22 and a beta of 0.82. The stock has a 50-day moving average of C$81.23 and a 200-day moving average of C$80.62.

Analyst Upgrades and Downgrades

TD has been the subject of several recent analyst reports. Desjardins cut shares of Toronto-Dominion Bank from a “moderate buy” rating to a “hold” rating in a research report on Thursday, December 5th. National Bankshares decreased their price target on Toronto-Dominion Bank from C$85.00 to C$80.00 in a report on Friday, December 6th. Scotiabank lowered their price objective 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. Royal Bank of Canada upped their target price 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. Finally, Canaccord Genuity Group lifted their target price on Toronto-Dominion Bank from C$87.00 to C$89.00 in a report on Monday, December 16th. One research analyst has rated the stock with a sell rating, seven have given a hold rating, four have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, Toronto-Dominion Bank currently has a consensus rating of “Hold” and a consensus target price of C$88.67.

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.