(all amounts in Canadian dollars)
TORONTO, Aug. 25, 2016 /CNW/ - The Toronto-Dominion Bank
(the Bank) today announced that a dividend in an amount of
fifty-five cents (55 cents) per fully paid common share in the
capital stock of the Bank has been declared for the quarter ending
October 31, 2016, payable on and
after October 31, 2016, to
shareholders of record at the close of business on October 7, 2016.
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
October 31, 2016 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 CST 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 CST 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 October 6,
2016. 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 October
31, 2016, to shareholders of record at the close of business
on October 7, 2016:
- Series S, in an amount per share of $0.2106875;
- Series T, in an amount per share of $0.130875;
- Series Y, in an amount per share of $0.22246875;
- Series Z, in an amount per share of $0.135875;
- 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; and
- Series 12, in an amount per share of $0.34375.
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
October 31, 2016 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 approximately 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 10.8 million active
online and mobile customers. TD had CDN$1.2
trillion in assets on July 31,
2016. The Toronto-Dominion Bank trades under the symbol "TD"
on the Toronto and New York Stock
Exchanges.
SOURCE TD Bank Group