Dividend Increase – TD Bank Group (TD)

Today, February 27 the Board of Directors of TD Bank Group announced a quarterly dividend increase of from CA$ 0.74 to CA$ 0.79 per share that’s payable April 30, 2020 to holders of record April 9, 2020. This represents a 6.76% increase to the last quarter dividend.  

With current price CA$ 71.25 (today's open), this raise brings their dividend yield to 4.44%.

TD is a Dividend Contenders with a 10 year streak of dividend increases. Dividend growth rates for 1, 3, 5 and 10 years are 10.7, 10.2, 9.5 and 9.0. (Canadian Dividend All-Star List)

Since I own 180 shares of TD, this will increase my portfolio's projected annual net dividend income by CA$ 26.82.

This increase raises my YOC to 5.81%.

Summary of 2020 Dividend Increases / Cuts

Click here to see my portfolio holdings.

You can follow the development of my dividends here.

Full Disclosure: Long TD

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