The Toronto-Dominion Bank (TD) To Go Ex-Dividend on July 10th

The Toronto-Dominion Bank (TSE:TD) (NYSE:TD) declared a quarterly dividend on Friday, July 10th, TickerTech Dividends reports. Stockholders of record on Friday, July 31st will be given a dividend of 1.12 per share on Friday, July 31st. This represents a c) dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date is Friday, July 10th. This is a 3.7% increase from Toronto-Dominion Bank’s previous quarterly dividend of $1.08.

Toronto-Dominion Bank Trading Up 0.6%

TD stock opened at C$172.36 on Wednesday. Toronto-Dominion Bank has a 1 year low of C$99.51 and a 1 year high of C$172.98. The company has a fifty day simple moving average of C$158.15 and a 200 day simple moving average of C$141.23. The firm has a market cap of C$284.75 billion, a PE ratio of 20.23, a PEG ratio of 1.22 and a beta of 0.89.

Toronto-Dominion Bank (TSE:TD) (NYSE:TD) last posted its earnings results on Thursday, May 28th. The company reported C$2.38 EPS for the quarter. Toronto-Dominion Bank had a net margin of 13.21% and a return on equity of 11.85%. The firm had revenue of C$16.04 billion for the quarter. As a group, analysts forecast that Toronto-Dominion Bank will post 7.2160149 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

TD has been the subject of several recent analyst reports. Raymond James Financial upped their price target on Toronto-Dominion Bank from C$152.50 to C$155.00 and gave the stock an “outperform” rating in a research note on Friday, May 29th. Barclays boosted their target price on Toronto-Dominion Bank from C$135.00 to C$140.00 and gave the stock an “underweight” rating in a report on Friday, May 29th. National Bank Financial upped their target price on Toronto-Dominion Bank from C$157.00 to C$162.00 and gave the stock an “outperform” rating in a research report on Friday, May 29th. Scotiabank increased their price target on Toronto-Dominion Bank from C$164.00 to C$169.00 and gave the company a “sector outperform” rating in a report on Tuesday, June 16th. Finally, Jefferies Financial Group lifted their price target on shares of Toronto-Dominion Bank from C$134.00 to C$142.00 in a research report on Wednesday, May 20th. Seven research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of C$151.42.

Toronto-Dominion Bank Company Profile

TD Asset Management Inc (‘TDAM’), a member of TD Bank Group, is a Canadian investment management firm with a growing global presence. Bringing together three decades of investment experience, our broad selection of strategies and solutions includes fundamental equities, quantitative and passive equities, fixed income across the credit quality spectrum and alternatives, such as private credit, infrastructure and real estate. TDAM offers institutional investment solutions to corporations, pension funds, endowments and foundations, sovereign wealth funds and superannuation funds, among others.