(all amounts in Canadian dollars)
TORONTO, Aug. 22,
2024 /CNW/ - The Toronto-Dominion Bank (the "Bank")
today announced that a dividend in an amount of one dollar and two
cents ($1.02) per fully paid
common share in the capital stock of the Bank has been declared for
the quarter ending October 31, 2024,
payable on and after October 31,
2024, to shareholders of record at the close of business on
October 10, 2024.
In lieu of receiving their dividends in cash, holders of the
Bank's common shares may choose to have their dividends reinvested
in additional common shares of the Bank in accordance with the
Dividend Reinvestment Plan (the "Plan").
Under the Plan, the Bank has the discretion to either purchase
the additional common shares in the open market or issue them from
treasury. If issued from treasury, the Bank may decide to apply a
discount of up to 5% to the Average Market Price (as defined in the
Plan) of the additional shares. For the October 31, 2024 dividend, the Bank will issue
the additional shares from treasury, with no discount.
Registered holders of record of the Bank's common shares wishing
to join the Plan can obtain an Enrolment Form from TSX Trust
Company (1-800-387-0825) or on the Bank's website,
www.td.com/investor/drip.jsp. In order to participate in the Plan
in time for this dividend, Enrolment Forms for registered holders
must be received by TSX Trust Company at P.O. Box 4229, Postal
Station A, Toronto, Ontario, M5W
0G1, or by facsimile at 1-888-488-1416, before the close of
business on October 10, 2024.
Beneficial or non-registered holders of the Bank's common shares
wishing to join the Plan must contact their financial institution
or broker for instructions on how to enroll in advance of the above
date.
Registered holders who participate in the Plan and who wish to
terminate that participation so that cash dividends to which they
are entitled to be paid on and after October
31, 2024 are not reinvested in common shares under the Plan
must deliver written notice to TSX Trust Company at the above
address by no later than October 10,
2024. Beneficial or non-registered holders who participate
in the Plan and who wish to terminate that participation so that
cash dividends to which they are entitled to be paid on and after
October 31, 2024 are not reinvested
in common shares under the Plan must contact their financial
institution or broker for instructions on how to terminate
participation in the Plan in advance of October 10, 2024.
The Bank also announced that dividends have been declared on the
following Non-Cumulative Redeemable Class A First Preferred Shares
of the Bank, payable on and after October
31, 2024, to shareholders of record at the close of business
on October 10, 2024:
- Series 1, in an amount per share of $0.228875;
- Series 5, in an amount per share of $0.24225;
- Series 7, in an amount per share of $0.2000625;
- Series 9, in an amount per share of $0.202625;
- Series 16, in an amount per share of $0.3938125;
- Series 18, in an amount per share of $0.3591875;
- Series 27, in an amount per share of $28.75; and
- Series 28, in an amount per share of $36.16.
The Bank for the purposes of the Income Tax Act (Canada) and any similar provincial legislation
advises that the dividend declared for the quarter ending
October 31, 2024 and all future
dividends will be eligible dividends unless indicated
otherwise.
About TD Bank Group
The Toronto-Dominion Bank and its subsidiaries are collectively
known as TD Bank Group ("TD" or the "Bank"). TD is the sixth
largest bank in North America by
assets and serves over 27.5 million customers in four key
businesses operating in a number of locations in financial centres
around the globe: Canadian Personal and Commercial Banking,
including TD Canada Trust and TD Auto Finance Canada; U.S. Retail,
including TD Bank, America's Most Convenient Bank®, TD
Auto Finance U.S., TD Wealth (U.S.), and an investment in The
Charles Schwab Corporation; Wealth Management and Insurance,
including TD Wealth (Canada), TD
Direct Investing, and TD Insurance; and Wholesale Banking,
including TD Securities and TD Cowen. TD also ranks among the
world's leading online financial services firms, with more than 17
million active online and mobile customers. TD had $1.97 trillion in assets on July 31, 2024. The Toronto-Dominion Bank trades
under the symbol "TD" on the Toronto and New York Stock Exchanges.
SOURCE TD Bank Group