TSE TD – Full review of TD Bank dividend profile 2021

The Toronto-Dominion Bank (the Bank) operates as a bank in North America. The Company’s segments include Canadian Retail, U.S. Retail, Wholesale Banking and corporate.

TSE TD – Canadian Dividend aristocrat

TD trades in the Toronto Stock Exchange (TSE). TD is a dividend artistocrat stock with 10 years consecutive dividend increases!. The list of Canadian ”Dividend Aristocrats” stocks is managed by the firm Standard and Poors. The index is titled the S&P Canadian Dividend Aristocrats. It requires a minimum of 5 years of successive dividend increases. For the full list of Canadian Dividend Aristocrats stocks, please follow the link here.

TSE TD – Dividend profile

TD stock offers an attractive yield of 3.44%. The dividend is safe as the pay out ratio is only 37%. The bank increased its dividends for 10 consecutive years which is a sign of a solid financial situation.

The dividend growth in the past five years was 9.23%. This is really good news for any investor. The continuous increase in dividends helps investor cope with the impact of inflation.

The Beta is a measure of volatility. TD’s Beta is at 0.9 meaning the stock is less volatile than the overall market.

The Bank witnessed both growth in earnings and revenues in the past 5 years. So, the increase in dividend was supported by actual growth in the banks revenues.

TSE TD – Financial data

Symbol  TD.TO
Market Cap, $K167,130,600
Div Yield3.44%
Div Payout%37.22%
5Y Div%9.23%
5Y Earn%8.84%
5Y Rev%6.83%
P/E (ttm)10.82
Source: Barchart