(all amounts in Canadian dollars)
TORONTO, May 24, 2018 /CNW/ - The Toronto-Dominion Bank
(the Bank) today announced that a dividend in an amount of
sixty-seven cents (67 cents) per fully paid common share in the
capital stock of the Bank has been declared for the quarter ending
July 31, 2018, payable on and after
July 31, 2018, to shareholders of
record at the close of business on July 10,
2018.
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
July 31, 2018 dividend, the Bank will
issue the additional shares from treasury, with no discount.
Registered holders of record of the Bank's common shares wishing
to join the Plan can obtain an Enrolment Form from AST Trust
Company (Canada) (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 AST Trust Company
(Canada) 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 July 9, 2018. 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.
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 July 31,
2018, to shareholders of record at the close of business on
July 10, 2018:
- Series S, in an amount per share of $0.2106875;
- Series T, in an amount per share of $0.16787500;
- Series Y, in an amount per share of $0.22246875;
- Series Z, in an amount per share of $0.17287500;
- Series 1, in an amount per share of $0.24375;
- Series 3, in an amount per share of $0.2375;
- Series 5, in an amount per share of $0.234375;
- Series 7, in an amount per share of $0.225;
- Series 9, in an amount per share of $0.23125;
- Series 11, in an amount per share of $0.30625;
- Series 12, in an amount per share of $0.34375;
- Series 14, in an amount per share of $0.303125;
- Series 16, in an amount per share of $0.28125; and
- Series 18, in an amount per share of $0.4475.
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
July 31, 2018 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 branches and serves more than
25 million customers in three key businesses operating in a number
of locations in financial centres around the globe: Canadian
Retail, including TD Canada Trust, TD Auto Finance Canada, TD
Wealth (Canada), TD Direct
Investing, and TD Insurance; U.S. Retail, including TD Bank,
America's Most Convenient Bank®, TD Auto Finance U.S., TD Wealth
(U.S.), and an investment in TD Ameritrade; and Wholesale Banking,
including TD Securities. TD also ranks among the world's leading
online financial services firms, with approximately 12 million
active online and mobile customers. TD had $1.3 trillion in assets on April 30, 2018. The Toronto-Dominion Bank trades
under the symbol "TD" on the Toronto and New York Stock Exchanges.
SOURCE TD Bank Group