Toronto-Dominion Bank Boosts Annualized Dividend 5.5% to $3.15, Yield 3.29%
Toronto-Dominion Bank is distributing a quarterly dividend of $0.79 per share, yielding 3.29% and annualized at $3.15, compared with 2.36% in its industry. Consensus estimates project earnings per share to rise 9.0% year-over-year to $6.52 in fiscal 2026 with a 48% payout ratio.
1. Dividend Payout Details
Toronto-Dominion Bank is paying a quarterly dividend of $0.79 per share, representing a 3.29% yield and annualized payout of $3.15. This yield exceeds the 2.36% average for foreign banks and the S&P 500’s 1.38%.
2. Historical Dividend Growth
The annualized dividend has risen 5.5% from last year, with three year-over-year increases over the past five years averaging 5.24%. The current payout ratio is 48% of trailing 12-month earnings per share.
3. Earnings Outlook
Earnings per share are expected to increase 9.0% to $6.52 in fiscal 2026, supported by stable net interest margins and diversified retail and wholesale banking operations, providing scope for continued dividend support.