(all amounts in Canadian dollars)
TORONTO, March 2,
2023 /CNW/ - The Toronto-Dominion Bank (the "Bank")
today announced that a dividend in an amount of ninety-six cents (96
cents) per fully paid common share in the capital stock of
the Bank has been declared for the quarter ending April 30, 2023, payable on and after April 30, 2023, to shareholders of record at the
close of business on April 6, 2023.
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, 2023 dividend, the Bank
will issue the additional shares from treasury, with a 2%
discount.
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
6, 2023. 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, 2023 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 6,
2023. 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, 2023 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 6, 2023.
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,
2023, to shareholders of record at the close of business on
April 6, 2023:
- Series 1, in an amount per share of $0.228875;
- Series 3, in an amount per share of $0.2300625;
- Series 5, in an amount per share of $0.24225;
- 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 $0.29375;
- Series 20, in an amount per share of $0.296875;
- Series 22, in an amount per share of $0.325;
- Series 24, in an amount per share of $0.31875;
- Series 27, in an amount per share of $28.750; and
- Series 28, in an amount per share of $36.160.
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, 2023 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 fifth
largest bank in North America by
assets and serves over 27 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., TD Wealth (U.S.), and an investment in The Charles Schwab
Corporation; Wealth Management and Insurance, including TD Wealth
(Canada), TD Direct
Investing, and TD Insurance; and Wholesale Banking, including
TD Securities. TD also ranks among the world's leading online
financial services firms, with more than 15 million active online
and mobile customers. TD had $1.9
trillion in assets on January 31,
2023. The Toronto-Dominion Bank trades under the symbol "TD"
on the Toronto and New York Stock
Exchanges.
SOURCE TD Bank Group