(all amounts in Canadian dollars)
TORONTO, Dec. 5, 2019 /CNW/ - The Toronto-Dominion
Bank (the Bank) today announced that a dividend in an amount of
seventy-four cents (74 cents) per fully paid common share in the
capital stock of the Bank has been declared for the quarter ending
January 31, 2020, payable on and
after January 31, 2020, to
shareholders of record at the close of business on January 10, 2020.
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 January 31, 2020 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 January 9, 2020. 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 January
31, 2020, to shareholders of record at the close of business
on January 10, 2020:
- 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 $0.234375;
- 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;
- 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; and
- Series 24, in an amount per share of $0.31875.
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
January 31, 2020 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
branches and serves over 26 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 more than 13 million active online
and mobile customers. TD had $1.4
trillion in assets on October 31,
2019. The Toronto-Dominion Bank trades under the symbol "TD"
on the Toronto and New York Stock
Exchanges.
SOURCE TD Bank Group