Today the Board of Directors of Toronto-Dominion Bank announced a quarterly dividend increase of from CA$0.47 to CA$0.51 per share that’s payable April 30, 2015 to holders of record April 7, 2015. This represents a 8.51 % increase to regular quarterly dividends. With current price CA$54.70 (today's open), this raise brings their dividend yield to 3.73%.
Since I own 80 shares, this will increase my portfolio's projected annual net dividend income by CA$9.54.
That increase rises my YOC to 3.75%.
Click here to see my portfolio holdings.
You can follow the development of my dividends here.