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Data last updated: Aug 18, 2026
Snapshot (as of Aug 18, 2026): The Toronto-Dominion Bank (TD.TO) pays a $4.33 annual dividend ($1.12 quarterly), yielding 2.57% at $168.56/share. Next ex-dividend date 2026-07-10. 11 consecutive years of dividend growth. Source: Yahoo Finance, aggregated by MerryDiv.
Dividend Yield: 2.57%
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.TO currently pays $4.33 per share annually, delivered quarterly, with the next ex-dividend date on July 10, 2026. The current yield sits at 2.56%. With a beta of 0.873, TD.TO moves less than the broader market, which suits 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, supporting The Toronto-Dominion Bank dividend safety across its diversified revenue streams spanning retail banking, wealth management, insurance, and capital markets in both Canada and the United States. The most data-supported pressure point is the note that the dividend history window contains at least one year-over-year decline exceeding 5%, which shows the payout is not immune to disruption under stress.
The Toronto-Dominion Bank dividend history shows a CAGR of 3.7% per year from 2010 to 2025. Per-share payments grew from $2.44 to $4.20 over that period (2026 is a partial year and excluded from this calculation). The largest annual increase in the window was 12.7% in 2022, showing the bank is capable of accelerating growth when conditions allow, though the long-run average is more modest.
| Period | CAGR | From | To |
|---|---|---|---|
| 3-Year | +5.7% | $3.56 (2022) | $4.20 (2025) |
| 5-Year | +6.2% | $3.11 (2020) | $4.20 (2025) |
| 10-Year | +7.7% | $2.00 (2015) | $4.20 (2025) |
TD.TO fits dividend investors who want a large, diversified bank paying a moderate (2–4%) yield with a multi-decade payment history. At 2.56%, the current yield runs above the 5-year average of 2.23%, meaning buyers today lock in a slightly better income rate than the historical norm. The 52.0% payout ratio keeps the dividend grounded without stretching the balance sheet. Growth is slow at 3.7% per year, and that limits upside for investors chasing rapid income compounding. The trade-off is clear: The Toronto-Dominion Bank offers a lower-volatility bank dividend with 11 consecutive years of increases, but not a high-yield or fast-growth profile.
| Payment Date | Amount per Share |
|---|---|
| 2026-07-10 | $1.1200 |
| 2026-04-09 | $1.0800 |
| 2026-01-09 | $1.0800 |
| 2025-10-10 | $1.0500 |
| 2025-07-10 | $1.0500 |
| 2025-04-10 | $1.0500 |
| 2025-01-10 | $1.0500 |
| 2024-10-10 | $1.0200 |
| 2024-07-10 | $1.0200 |
| 2024-04-08 | $1.0200 |
| Year | Total Dividends |
|---|---|
| 2026 | $3.2800 |
| 2025 | $4.2000 |
| 2024 | $4.0800 |
| 2023 | $3.8400 |
| 2022 | $3.5600 |
Project income from TD.TO with the TD.TO dividend calculator or track your full portfolio with the dividend tracker.