Thursday, February 25, 2016

Dividend Increase – Toronto-Dominion Bank (TD)

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 %.

Click here to see my portfolio holdings.

You can follow the development of my dividends here.


  1. Considering the insanely weak economic conditions TD is operating in with almost every headwind imaginable an increase of this magnitude just shows the resilience of a quality company such as this. With such a high yield the dividend still remains quite safe.

  2. Love the TD and RY dividend increases as we own both of them.