Toronto-Dominion Bank (TSE:TD) (NYSE:TD) declared a quarterly dividend on Thursday, August 31st, Zacks reports. Investors of record on Friday, October 6th will be given a dividend of 0.60 per share on Tuesday, October 31st. This represents a $2.40 dividend on an annualized basis and a yield of 3.35%. The ex-dividend date is Thursday, October 5th. This is a boost from Toronto-Dominion Bank’s previous quarterly dividend of $0.51.
Toronto-Dominion Bank (TSE:TD) opened at 71.67 on Wednesday. The firm has a 50-day moving average of $66.93 and a 200-day moving average of $65.41. The stock has a market capitalization of $132.49 billion and a price-to-earnings ratio of 13.57. Toronto-Dominion Bank has a 1-year low of $57.42 and a 1-year high of $71.83.
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In other news, insider Theresa Lynn Currie sold 2,128 shares of Toronto-Dominion Bank stock in a transaction dated Tuesday, September 5th. The shares were sold at an average price of C$66.86, for a total transaction of C$142,278.08.
A number of research analysts have recently weighed in on the company. TD Securities raised their price target on Toronto-Dominion Bank from C$75.00 to C$77.00 and gave the company a “buy” rating in a research report on Friday, September 1st. Royal Bank Of Canada boosted their price objective on shares of Toronto-Dominion Bank from C$70.00 to C$72.00 and gave the stock a “sector perform” rating in a research report on Friday, September 1st. CIBC boosted their price objective on shares of Toronto-Dominion Bank from C$71.00 to C$73.00 in a research report on Friday, September 1st. Scotiabank increased their price objective on shares of Toronto-Dominion Bank from C$73.00 to C$76.00 and gave the company an “outperform” rating in a research note on Friday, September 1st. Finally, Keefe, Bruyette & Woods increased their price objective on shares of Toronto-Dominion Bank from C$68.00 to C$70.00 in a research note on Friday, September 1st. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and six have given a buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of C$73.00.
About Toronto-Dominion Bank
Toronto-Dominion Bank (the Bank) is a Canada-based bank, which operates in the North America. It is an online financial services firm, with over 10.2 million online and mobile customers. Its segments include Canadian Retail, U.S. Retail, Wholesale Banking and Corporate. The Canadian Retail segment provides a range of financial products and services to customers in the Canadian personal and commercial banking businesses.
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