Toronto-Dominion Bank (TD) Dividends
Dividend Yield and Dividend History Highlights
- TD's free cash flow has been growing at a compound average annual rate of -8,854.44% over the past 5.01 years -- higher than just 0.35% of current US-listed dividend stocks.
- As for stocks whose price is uncorrelated with TD's price and thus may be suitable peers for a diversified dividend portfolio, check out the following: PINC, BAH, SQFT, HCC and KAR.
TD Price Forecast Based on Dividend Discount Model
| Current Price | DDM Fair Value Target: | Forecasted Gain: |
| $56.82 | $156.57 | 94.69% |
For dividend yielding stocks, the Dividend Discount Model (DDM) is a common valuation tool; it attempts to extrapolate a fair share price based primarily on the dividend the stock provides relative to a number of other quantiative aspects of its business. In the case of TD, the dividend discount model StockNews created for the company implies a positive return of 94.69%. Digging deeper, the aspects of Toronto Dominion Bank's dividend discount model that we found most interesting were:
- Relative to all dividend yielding stocks in our set, Toronto Dominion Bank's dividend yield of 3.51% is in the top 27.07%.
- If we compare the valuation opportunity a dividend discount model provides relative to other dividend stocks in the Financial Services sector, the expected return of 94.69%, based on the stock's current share price and target price based on a dividend discount model, is greater than 73.93% of the DDM-forecasted return of its its sector peers.
- Compared to all dividend issuing stocks in our set, TD has a discount rate lower than 73.93% of them (a lower discount rate is associated with lower risk).
- In comparison to its fellow dividend issuing stocks in the Financial Services sector, TD's equity discount rate is less than 74.32% of those stocks.
TD Dividend History
| Ex-Dividend Date | Type | Payout Amount | Change |
|---|---|---|---|
| 2023-10-05 | Dividend | $0.71 | -2.48% |
| 2023-07-07 | Dividend | $0.73 | +2.11% |
| 2023-04-05 | Dividend | $0.71 | +0.42% |
| 2023-01-05 | Dividend | $0.71 | +9.95% |
| 2022-10-06 | Dividend | $0.64 | -6.95% |
| 2022-07-07 | Dividend | $0.69 | -2.95% |
| 2022-04-07 | Dividend | $0.71 | +1.14% |
| 2022-01-07 | Dividend | $0.70 | +13.18% |
| 2021-10-07 | Dividend | $0.62 | -2.35% |
| 2021-07-08 | Dividend | $0.64 | +2.74% |
| 2021-01-07 | Dividend | $0.62 | +4.55% |
| 2020-10-08 | Dividend | $0.59 | +1.54% |
| 2020-07-09 | Dividend | $0.58 | +3.91% |
| 2020-04-08 | Dividend | $0.56 | -1.40% |
| 2020-01-09 | Dividend | $0.57 | +1.97% |
| 2019-10-09 | Dividend | $0.56 | -1.06% |
| 2019-07-09 | Dividend | $0.57 | +1.99% |
| 2019-04-09 | Dividend | $0.55 | +12.83% |
| 2019-01-09 | Dividend | $0.49 | -5.39% |
| 2018-10-09 | Dividend | $0.52 | +1.76% |
| 2018-07-09 | Dividend | $0.51 | -1.73% |
| 2018-04-09 | Dividend | $0.52 | +6.35% |
| 2018-01-09 | Dividend | $0.49 | +4.95% |
| 2017-10-05 | Dividend | $0.47 | +0.43% |
| 2017-07-06 | Dividend | $0.46 | +2.89% |
| 2017-04-06 | Dividend | $0.45 | +10.02% |
| 2017-01-06 | Dividend | $0.41 | -2.39% |
| 2016-10-05 | Dividend | $0.42 | -1.64% |
| 2016-07-06 | Dividend | $0.43 | +0.71% |
| 2016-04-06 | Dividend | $0.42 | +10.73% |
| 2016-01-06 | Dividend | $0.38 | -0.52% |
| 2015-10-02 | Dividend | $0.38 | -5.95% |
| 2015-07-07 | Dividend | $0.41 | -0.15% |
| 2015-04-02 | Dividend | $0.41 | +1.14% |
| 2015-01-02 | Dividend | $0.40 | -4.04% |
| 2014-10-01 | Dividend | $0.42 | -4.60% |
| 2014-07-07 | Dividend | $0.44 | +3.71% |
| 2014-04-01 | Dividend | $0.43 | +7.50% |
| 2014-02-03 | Split | 2-1-for-1 Stock Split | N/A |
| 2014-01-02 | Dividend | $0.80 | -2.37% |
| 2013-10-01 | Dividend | $0.82 | +7.38% |
| 2013-07-05 | Dividend | $0.77 | -3.46% |
| 2013-04-01 | Dividend | $0.79 | +2.67% |
| 2013-01-02 | Dividend | $0.77 | -1.11% |
| 2012-10-01 | Dividend | $0.78 | +11.61% |
| 2012-07-02 | Dividend | $0.70 | -2.93% |
| 2012-04-02 | Dividend | $0.72 | +8.44% |
| 2012-01-03 | Dividend | $0.67 | +2.37% |
| 2011-10-03 | Dividend | $0.65 | -4.67% |
| 2011-07-01 | Dividend | $0.68 | +0.40% |
| 2011-04-01 | Dividend | $0.68 | +11.48% |
| 2011-01-04 | Dividend | $0.61 | +3.21% |
| 2010-10-01 | Dividend | $0.59 | +1.90% |
| 2010-07-01 | Dividend | $0.58 | -3.33% |
| 2010-04-01 | Dividend | $0.60 | +3.45% |
| 2010-01-04 | Dividend | $0.58 | +1.93% |
| 2009-10-01 | Dividend | $0.57 | +7.36% |
| 2009-07-01 | Dividend | $0.53 | +9.71% |
| 2009-04-01 | Dividend | $0.48 | -2.64% |
| 2009-01-02 | Dividend | $0.50 | -14.17% |
| 2008-10-01 | Dividend | $0.58 | -0.52% |
| 2008-07-07 | Dividend | $0.58 | -3.47% |
| 2008-04-01 | Dividend | $0.60 | +3.61% |
| 2008-01-02 | Dividend | $0.58 | +1.93% |
| 2007-10-01 | Dividend | $0.57 | +14.30% |
| 2007-07-02 | Dividend | $0.50 | +9.12% |
| 2007-04-02 | Dividend | $0.46 | +10.12% |
| 2007-01-03 | Dividend | $0.42 | -3.01% |
| 2006-09-12 | Dividend | $0.43 | +6.81% |
| 2006-06-13 | Dividend | $0.40 | +5.73% |
| 2006-03-14 | Dividend | $0.38 | +3.89% |
| 2005-12-13 | Dividend | $0.36 | -13.17% |
| 2005-09-13 | Dividend | $0.42 | +32.16% |
| 2005-06-14 | Dividend | $0.32 | -4.22% |
| 2005-03-15 | Dividend | $0.33 | +14.41% |
| 2004-12-14 | Dividend | $0.29 | +4.66% |
| 2004-09-14 | Dividend | $0.28 | +11.46% |
| 2004-06-15 | Dividend | $0.25 | -44.76% |
| 2004-03-16 | Dividend | $0.45 | +87.50% |
| 2003-12-16 | Dividend | $0.24 | +4.35% |
| 2003-09-16 | Dividend | $0.23 | +9.52% |
| 2003-06-17 | Dividend | $0.21 | +10.53% |
| 2003-03-18 | Dividend | $0.19 | +5.56% |
| 2002-12-17 | Dividend | $0.18 | -- |
| 2002-09-17 | Dividend | $0.18 | -- |
| 2002-06-18 | Dividend | $0.18 | -- |
| 2002-03-12 | Dividend | $0.18 | -- |
| 2001-12-18 | Dividend | $0.18 | -- |
| 2001-09-18 | Dividend | $0.18 | -- |
| 2001-06-12 | Dividend | $0.18 | -- |
| 2001-03-13 | Dividend | $0.18 | +12.50% |
| 2000-12-12 | Dividend | $0.16 | -36.00% |
| 2000-09-12 | Dividend | $0.25 | -- |
| 2000-06-13 | Dividend | $0.25 | +19.05% |
| 2000-03-14 | Dividend | $0.21 | -- |
| 1999-12-14 | Dividend | $0.21 | +10.53% |
| 1999-09-14 | Dividend | $0.19 | -- |
| 1999-08-04 | Split | 2-1-for-1 Stock Split | N/A |
| 1999-07-06 | Dividend | $0.38 | +123.53% |
| 1999-03-16 | Dividend | $0.17 | -- |
| 1998-12-15 | Dividend | $0.17 | -- |
| 1998-09-15 | Dividend | $0.17 | -- |
| 1998-06-16 | Dividend | $0.17 | +6.25% |
| 1998-03-17 | Dividend | $0.16 | -- |
| 1997-12-16 | Dividend | $0.16 | +14.29% |
| 1997-09-16 | Dividend | $0.14 | -- |
| 1997-06-17 | Dividend | $0.14 | -- |
| 1997-03-18 | Dividend | $0.14 | -- |
| 1996-12-17 | Dividend | $0.14 | +12.00% |
| 1996-10-10 | Dividend | $0.13 | -- |
TD Dividends vs. Peers
TD's dividend yield currently ranks #4 of 110 vs. its peers in the Foreign Banks category.
Looking for More Information on TD dividends?
Here are a few links from around the web to help you further your research on Toronto Dominion Bank and its dividends:Toronto Dominion Bank Common Stock (TD) Dividend History | Nasdaq
Dividend History for Toronto Dominion Bank (TD) - Dividend Investor
Toronto Dominion Bank (TD) Dividend History - Seeking Alpha