(all amounts in Canadian dollars)
TORONTO, Feb. 27,
2025 /CNW/ - The Toronto-Dominion Bank (the "Bank")
today announced that a dividend in an amount of one dollar and five
cents ($1.05) per fully paid
common share in the capital stock of the Bank has been declared for
the quarter ending April 30, 2025,
payable on and after April 30, 2025,
to shareholders of record at the close of business on April 10, 2025.
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
April 30, 2025 dividend, the Bank
will purchase the additional shares in the open market and
therefore no discount will apply.
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 April
10, 2025. 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 April
30, 2025 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 April 10,
2025. 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
April 30, 2025 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 April 10, 2025.
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 April 30,
2025, to shareholders of record at the close of business on
April 10, 2025:
- Series 1, in an amount per share of $0.310625;
- 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
April 30, 2025 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 27.9 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., and TD Wealth (U.S.); 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 $2.09 trillion in
assets on January 31, 2025. The
Toronto-Dominion Bank trades under the symbol "TD" on the
Toronto and New York Stock
Exchanges.
SOURCE TD Bank Group
