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Data last updated: Aug 18, 2026
Snapshot (as of Aug 18, 2026): The Toronto-Dominion Bank (TD) pays a $4.33 annual dividend ($1.08 quarterly), yielding 2.56% at $121.56/share. Next ex-dividend date 2026-07-10. 9 consecutive years of dividend growth. Source: Yahoo Finance, aggregated by MerryDiv.
Dividend Yield: 2.56%
Annual Dividend: $4.33 per share
Payout Ratio: 52.0%
Ex-Dividend Date: 2026-07-10
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 divisions. TD pays $4.33 per share annually, distributed quarterly, with the next ex-dividend date on July 10, 2026. The current yield stands at 2.56%. With a beta of 0.873, TD stock moves less than the broader market, which appeals to income investors who prioritize lower volatility over maximum yield.
The Toronto-Dominion Bank pays out 52.0% of earnings as dividends, a payout ratio classified as moderate (40–60%). That level leaves meaningful earnings retained within the business, which spans deposit accounts, lending, wealth management, insurance, and capital markets across Canada and the United States. The Toronto-Dominion Bank dividend safety benefits from this diversified revenue base, though the data does show at least one year-over-year dividend decline in the historical window, a reminder that the payout is not unconditionally protected.
The Toronto-Dominion Bank dividend history shows a CAGR of 1.4% per year from 2010 to 2025. Per-share payments moved from $2.44 to $2.9948 over that period (2026 is a partial year and excluded from the growth calculation). The largest annual increase in the window was 19.4% in 2018, showing the bank is capable of meaningful acceleration, though the long-run average growth rate is slow.
| Period | CAGR | From | To |
|---|---|---|---|
| 3-Year | +2.9% | $2.75 (2022) | $2.99 (2025) |
| 5-Year | +5.4% | $2.31 (2020) | $2.99 (2025) |
| 10-Year | +6.1% | $1.66 (2015) | $2.99 (2025) |
TD stock fits dividend investors who want a large, diversified bank with a moderate yield and a manageable payout ratio. At 2.56%, the current yield sits above the 5-year average of 2.32%, meaning today's entry point offers slightly more income than the historical norm. The yield classification is moderate (2–4%), and 1.4% annual dividend growth means purchasing power gains are limited over time. What an investor gets here is a lower-beta bank stock with a payout ratio that leaves room to sustain dividends. The trade-off is slow growth: nine consecutive years of increases is a meaningful streak, but the pace of those increases has been modest.
| Payment Date | Amount per Share |
|---|---|
| 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 | $0.7494 |
| 2025-01-10 | $0.7280 |
| 2024-10-10 | $0.7417 |
| 2024-07-10 | $0.7495 |
| 2024-04-08 | $0.7508 |
| Year | Total Dividends |
|---|---|
| 2026 | $2.3520 |
| 2025 | $2.9948 |
| 2024 | $3.0031 |
| 2023 | $2.8431 |
| 2022 | $2.7500 |
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