The Toronto-Dominion Bank (TSX:TD) Dividend Payout Ratio : 0.51 (As of Jan. 2024)

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What is The Toronto-Dominion Bank Dividend Payout Ratio?

The Toronto-Dominion Bank's dividend payout ratio for the months ended in Jan. 2024 was 0.51.

The historical rank and industry rank for The Toronto-Dominion Bank's Dividend Payout Ratio or its related term are showing as below:

TSX:TD' s Dividend Payout Ratio Range Over the Past 10 Years
Min: 0.4 Med: 0.43 Max: 0.58
Current: 0.5

During the past 13 years, the highest Dividend Payout Ratio of The Toronto-Dominion Bank was 0.58. The lowest was 0.40. And the median was 0.43.

TSX:TD's Dividend Payout Ratio is ranked worse than
72.18% of 1089 companies
in the Banks industry
Industry Median: 0.34 vs TSX:TD: 0.50

As of today (2024-04-28), the Dividend Yield % of The Toronto-Dominion Bank is 4.88%.

During the past 13 years, the highest Trailing Annual Dividend Yield of The Toronto-Dominion Bank was 5.57%. The lowest was 3.02%. And the median was 3.64%.

The Toronto-Dominion Bank's Dividends per Share for the months ended in Jan. 2024 was C$1.02.

During the past 12 months, The Toronto-Dominion Bank's average Dividends Per Share Growth Rate was 7.40% per year. During the past 3 years, the average Dividends Per Share Growth Rate was 7.30% per year. During the past 5 years, the average Dividends Per Share Growth Rate was 7.60% per year. During the past 10 years, the average Dividends Per Share Growth Rate was 8.80% per year.

During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of The Toronto-Dominion Bank was 21.40% per year. The lowest was 3.40% per year. And the median was 10.00% per year.

The growth rate is calculated with least square regression.

For more information regarding to dividend, please check our Dividend Page.

The Toronto-Dominion Bank Dividend Payout Ratio Historical Data

The historical data trend for The Toronto-Dominion Bank's Dividend Payout Ratio can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

The Toronto-Dominion Bank Dividend Payout Ratio Chart

The Toronto-Dominion Bank Annual Data

Trend

Oct14

Oct15

Oct16

Oct17

Oct18

Oct19

Oct20

Oct21

Oct22

Oct23

Dividend Payout Ratio

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0.43

0.58

0.40

0.43

0.48

The Toronto-Dominion Bank Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Dividend Payout Ratio	Get a 7-Day Free Trial															0.43	0.50	0.48	0.53	0.51

Competitive Comparison of The Toronto-Dominion Bank's Dividend Payout Ratio

For the Banks - Diversified subindustry, The Toronto-Dominion Bank's Dividend Payout Ratio, along with its competitors' market caps and Dividend Payout Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

The Toronto-Dominion Bank's Dividend Payout Ratio Distribution in the Banks Industry

For the Banks industry and Financial Services sector, The Toronto-Dominion Bank's Dividend Payout Ratio distribution charts can be found below:

* The bar in red indicates where The Toronto-Dominion Bank's Dividend Payout Ratio falls into.

The Toronto-Dominion Bank Dividend Payout Ratio Calculation

Dividend payout ratio measures the percentage of the company's earnings paid out as dividends.

The Toronto-Dominion Bank's Dividend Payout Ratio for the fiscal year that ended in Oct. 2023 is calculated as

Dividend Payout Ratio	=	Dividends per Share (A: Oct. 2023 )	/	EPS without NRI (A: Oct. 2023 )
	=	3.84	/	7.99
	=	0.48

The Toronto-Dominion Bank's Dividend Payout Ratio for the quarter that ended in Jan. 2024 is calculated as

Dividend Payout Ratio	=	Dividends per Share (Q: Jan. 2024 )	/	EPS without NRI (Q: Jan. 2024 )
	=	1.02	/	2
	=	0.51

The Toronto-Dominion Bank (TSX:TD) Dividend Payout Ratio Explanation

In dividends investing, Payout Ratio and Dividend Growth Rate are the two most important variables for consideration. A lower payout ratio may indicate that the company has more room to increase its dividends.

The Toronto-Dominion Bank Dividend Payout Ratio Related Terms

Thank you for viewing the detailed overview of The Toronto-Dominion Bank's Dividend Payout Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.

The Toronto-Dominion Bank (TSX:TD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » The Toronto-Dominion Bank (TSX:TD) » Definitions » Dividend Payout Ratio

Comparable Companies

Traded in Other Exchanges

TDBKF.PFD:USA TNTTF.PFD:USA TD:USA TDB:Germany TDB:Germany TD.PF.M.PFD:Canada TD.PF.L.PFD:Canada TD.PF.J.PFD:Canada TD.PF.I.PFD:Canada TD.PF.E.PFD:Canada TD.PF.D.PFD:Canada TD.PF.C.PFD:Canada TD.PF.B.PFD:Canada TD.PF.A.PFD:Canada

Address

C/o General Counsel’s Office, P.O. Box 1, Toronto-Dominion Centre, King St. W. and Bay St., Toronto, ON, CAN, M5K 1A2

Website

https://www.td.com

Toronto-Dominion is one of Canada's two largest banks and operates three business segments: Canadian retail banking, U.S. retail banking, and wholesale banking. The bank's U.S. operations span from Maine to Florida, with a strong presence in the Northeast. It also has a 13% ownership stake in Charles Schwab.