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

The Toronto-Dominion Bank (TSE:TD) (NYSE:TD) declared a quarterly dividend on Thursday, May 22nd, RTT News reports. Shareholders of record on Thursday, July 10th will be paid a dividend of 1.05 per share on Thursday, July 31st. This represents a $4.20 annualized dividend and a yield of 4.52%.

Toronto-Dominion Bank Trading Up 0.1%

Shares of Toronto-Dominion Bank stock opened at C$92.91 on Friday. The firm has a fifty day simple moving average of C$86.01 and a 200-day simple moving average of C$82.41. The stock has a market capitalization of C$163.00 billion, a price-to-earnings ratio of 18.41, a PEG ratio of 1.22 and a beta of 0.82. Toronto-Dominion Bank has a 1-year low of C$73.22 and a 1-year high of C$93.83.

Analyst Upgrades and Downgrades

TD has been the subject of a number of research analyst reports. CIBC cut their target price on shares of Toronto-Dominion Bank from C$95.00 to C$94.00 in a research report on Thursday. Jefferies Financial Group lowered Toronto-Dominion Bank from a “buy” rating to a “hold” rating and lifted their price objective for the stock from C$90.00 to C$99.00 in a research note on Tuesday, February 18th. Scotiabank upgraded Toronto-Dominion Bank to a “hold” rating in a research note on Wednesday, May 14th. UBS Group raised their target price on Toronto-Dominion Bank from C$83.00 to C$90.00 in a report on Friday, February 14th. Finally, National Bankshares set a C$80.00 price target on Toronto-Dominion Bank and gave the stock a “sector perform” rating in a research report on Thursday. One 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. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of C$88.67.

Insiders Place Their Bets

In other Toronto-Dominion Bank news, Director Ana Arsov bought 3,483 shares of the firm’s stock in a transaction dated Friday, April 11th. The shares were acquired at an average cost of C$80.24 per share, for a total transaction of C$279,475.92. Also, Director Ajay Kumar Virmani bought 24,636 shares of the stock in a transaction that occurred on Wednesday, April 9th. The stock was acquired at an average cost of C$81.22 per share, for a total transaction of C$2,000,935.92. Corporate insiders own 0.08% of the company’s stock.

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.