Today the Board of Directors of Toronto-Dominion Bank announced a quarterly dividend increase of from CA$ 0.51 to CA$ 0.55 per share that’s payable April 30, 2016 to holders of record April 8, 2016. This represents a 7.84 % increase to regular quarterly dividends. With current price CA$ 51.23 (yesterday's close), this raise brings their dividend yield to 4.29 %.
Since I own 155 shares, this will increase my portfolio's projected annual net dividend income by CA$ 18.48.
That increase rises my YOC to 4.09 %.
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You can follow the development of my dividends here.