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Data last updated: Sep 28, 2026
Snapshot (as of Sep 28, 2026): The Toronto-Dominion Bank (TD) pays a $4.33 annual dividend ($1.08 quarterly), yielding 2.54% at $120.65/share. Next ex-dividend date 2026-10-09. 10 consecutive years of dividend growth. Source: Yahoo Finance, aggregated by MerryDiv.
Dividend Yield: 2.54%
Annual Dividend: $4.33 per share
Payout Ratio: 48.2%
Ex-Dividend Date: 2026-10-09
Dividend Frequency: quarterly
Sector: Financial Services
Years of Dividend History: 38
The Toronto-Dominion Bank dividend comes from one of North America's largest banks, operating across Canadian Retail, U.S. Retail, and Wholesale Banking with over 2,100 branches between Canada and the United States. TD pays $4.33 per share annually, distributed quarterly, with the next ex-dividend date on October 9, 2026. The current yield sits at 2.53%. With a beta of 0.866, TD stock moves less than the broader market, which suits income investors who prioritize lower volatility over maximum yield.
The Toronto-Dominion Bank pays out 48.2% of earnings as dividends, a payout ratio classified as moderate (40–60%). That level leaves meaningful earnings retained within the business, supported by a diversified revenue base spanning retail deposits, credit cards, vehicle financing, wealth management, and insurance across two major national markets. The Toronto-Dominion Bank dividend safety is further supported by the absence of an outsized payout commitment, though the data does show at least one year-over-year dividend decline in the historical window, which is a factor income investors should weigh.
The Toronto-Dominion Bank dividend history shows a CAGR of 6.0% per year from 2011 to 2025. Per-share payments grew from $1.3145 to $2.9714 over that period (2026 is a partial year and excluded from the CAGR calculation). The largest annual increase in the window was 12.6% in 2018. The data also contains at least one year-over-year decline exceeding 5%, so growth has not been perfectly linear across the full window.
| Period | CAGR | From | To |
|---|---|---|---|
| 3-Year | +2.7% | $2.74 (2022) | $2.97 (2025) |
| 5-Year | +5.1% | $2.31 (2020) | $2.97 (2025) |
| 10-Year | +6.4% | $1.59 (2015) | $2.97 (2025) |
TD stock fits dividend investors who want a moderate, growing income stream from a large, diversified bank with operations across Canada and the United States. The current yield of 2.53% falls within the moderate (2–4%) range and sits above the 5-year average yield of 2.3%, meaning today's entry point offers slightly more income than the historical norm. The 48.2% payout ratio keeps the dividend from looking stretched. The trade-off is that growth, while averaging 6.0% per year over 14 years, has not been uninterrupted, and the yield itself is not high enough to anchor a pure income portfolio on its own.
| Payment Date | Amount per Share |
|---|---|
| 2026-10-09 | $0.7915 |
| 2026-07-10 | $0.7924 |
| 2026-04-09 | $0.7821 |
| 2026-01-09 | $0.7775 |
| 2025-10-10 | $0.7501 |
| 2025-07-10 | $0.7673 |
| 2025-04-10 | $0.7300 |
| 2025-01-10 | $0.7240 |
| 2024-10-10 | $0.7440 |
| 2024-07-10 | $0.7480 |
| Year | Total Dividends |
|---|---|
| 2026 | $3.1435 |
| 2025 | $2.9714 |
| 2024 | $3.0068 |
| 2023 | $2.8424 |
| 2022 | $2.7427 |
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