SmarterDividends
TD

Toronto-Dominion Bank (TD) Dividend

The Toronto-Dominion Bank · Financial Services · Banks - Diversified · quarterly payer

$126.37

Fairly valued · -2% Add to Portfolio

As of Nov 5, 2026, Toronto-Dominion Bank (TD) pays a quarterly dividend of $0.7870 per share, or $3.21 a year, a 2.50% yield at its $126.37 share price. It pays every quarter, usually in April, July and October. It has a dividend safety grade of C.

Forward Yield

2.50%

Annual Dividend

$3.21

Payout Ratio

46%

5-Yr Growth

5.2%

Ex-Date

Oct 9, 2026

Frequency

Quarterly

Key facts about TD's dividend

Data as of · Source: SmarterDividends data

  • As of Nov 5, 2026, The Toronto-Dominion Bank (TD) has a forward dividend yield of 2.50%, based on an annual dividend of $3.21 per share and a share price of $126.37.
  • As of Nov 5, 2026, TD's dividend safety grade from SmarterDividends is C (65 out of 100), which rates the dividend as borderline.
  • TD last cut its regular dividend in 2015.
  • TD's most recent ex-dividend date was Oct 9, 2026, for a dividend of $0.79 per share.
  • As of Nov 5, 2026, TD pays out 46% of its trailing 12-month earnings as dividends (its payout ratio).
  • TD's dividend has grown at an average rate of 5.2% a year over the past five years.
  • As of Nov 5, 2026, TD's 2.50% yield is 39% below its five-year average yield of 4.09%.
  • As of Nov 5, 2026, SmarterDividends' blended fair-value estimate for TD is $124.38 per share, 2% below the $126.37 share price, so TD screens as fairly valued.
  • The Toronto-Dominion Bank (TD) pays its dividend quarterly, 4 times a year.
Cite this page

SmarterDividends, "TD Dividend: Yield, Safety Grade & Next Ex-Date," updated Nov 5, 2026, https://smarterdividends.com/stocks/TD

Is TD a good dividend stock?

Yes, with caveats

The Toronto-Dominion Bank (TD) pays a quarterly dividend yielding 2.50% ($3.21/yr), with 0 years of growth and a dividend-safety grade of C. It's a solid income payer, but check the caveats below before buying.

Advantages

  • Comfortable payout ratio (46%)
  • Strong 5.2% 5-yr dividend growth
  • 73% total price return over 5 years

Risks

  • Cut its dividend in 2015

Key Data

Dividend Yield
2.50%
Payout Ratio
46%
Annual Dividend
$3.21
5-Yr Avg Growth
5.2%
Ex-Dividend Date
Oct 9, 2026
Years of Growth
0
Frequency
quarterly
Beta
0.87
Market Cap
$206.4B
P/E Ratio
18.7
5-Yr Total Return
73%
52-Week Range
$79.52 – $127.96
Dividend Safety
C · 65/100
Ever Cut?
Yes (2015)

TD dividend changes

The Toronto-Dominion Bank (TD) pays a variable dividend: across the 119 payments on record since 1996, 61 were higher than the one before and 24 lower. The latest change was up 1.4% to $0.791 per share, going ex-dividend on Jul 10, 2026.

Ex-dateChangeOld → newMove
Jul 10, 2026Higher$0.780 → $0.791+1.4%
Apr 9, 2026Higher$0.767 → $0.780+1.7%
Jul 10, 2025Higher$0.745 → $0.767+3.0%
Apr 10, 2025Higher$0.724 → $0.745+2.9%
Jan 10, 2025Lower$0.744 → $0.724−2.7%
Apr 8, 2024Lower$0.764 → $0.751−1.7%
Jan 9, 2024Higher$0.699 → $0.764+9.3%
Oct 5, 2023Lower$0.718 → $0.699−2.6%
Jul 7, 2023Higher$0.714 → $0.718+0.6%
Apr 5, 2023Higher$0.712 → $0.714+0.3%
Jan 5, 2023Higher$0.654 → $0.712+8.9%
Oct 6, 2022Lower$0.683 → $0.654−4.2%
Every TD payment →Download every raise and cut (CSV)
TD ex-dividend date & scheduleNext ex-date Oct 9, 2026 · full ex-dividend historyView →TD dividend historyEvery payment, totals by year, raises and cutsView →TD dividend calculator100 shares pay $321.00 a year, $80.25 each quarterCalculate →TD total return calculatorWhat $10,000 became, with dividends reinvested or taken as cashSee →

Frequently Asked Questions

Is TD a good dividend stock?

Yes, with caveats. The Toronto-Dominion Bank (TD) pays a quarterly dividend yielding 2.50% ($3.21/yr), with 0 years of growth and a dividend-safety grade of C. It's a solid income payer, but check the caveats below before buying.

Is TD undervalued?

Based on a blend of discounted cash flow, a dividend-discount model and an earnings-multiple estimate, TD's fair value is about $124.38 versus a $126.37 share price — so it looks fairly valued (-2% vs. fair value).

Is TD's dividend safe?

TD has a dividend-safety grade of C (65/100), based on its payout coverage, free-cash-flow, 0-year growth streak, a dividend cut in 2015, debt and yield-versus-history.

What is TD's fair value?

Our blended fair-value estimate for TD is about $124.38 per share, about 2% below the current $126.37 price — combining a discounted cash flow, a dividend-discount model and an earnings multiple.

Is TD a buy, hold, or sell?

We don't issue formal ratings, but on the data TD screens as "yes, with caveats" and fairly valued. The Toronto-Dominion Bank (TD) pays a quarterly dividend yielding 2.50% ($3.21/yr), with 0 years of growth and a dividend-safety grade of C. It's a solid income payer, but check the caveats below before buying. This is research for your own analysis, not investment advice.

Will TD cut its dividend?

TD earns a dividend-safety grade of C (65/100), and has cut its dividend before (last in 2015). A higher score means lower cut risk based on payout coverage, cash flow and history — but no score guarantees a dividend.

Does TD pay a dividend?

Yes. The Toronto-Dominion Bank pays a quarterly dividend of about $3.21 per share annually, a forward yield of roughly 2.50%.

How much dividend does 100 shares of TD pay?

At $3.21 per share a year, 100 shares of TD pay $321.00 a year in dividends before tax, about $80.25 each quarter. Buying them costs about $12,637 at the Nov 5, 2026 price.

What is TD's dividend yield?

As of Nov 5, 2026, TD's forward dividend yield is 2.50%, based on a $3.21 annual dividend and a $126.37 share price.

What is TD's dividend per share?

As of Nov 5, 2026, TD pays $3.21 per share per year, distributed on a quarterly basis.

What is TD's dividend payout ratio?

As of Nov 5, 2026, TD's payout ratio is 46% of trailing 12-month earnings — a comfortable level that leaves room to keep raising the dividend.

How many years has TD grown its dividend?

TD does not currently have a long dividend-growth streak on record.

When is the next TD ex-dividend date?

As of Nov 5, 2026, TD's next ex-dividend date hasn't been announced. The most recent was Oct 9, 2026, for $0.79 per share.

TD Dividend News

TD
IncreaseTD·Aug 26, 2026

The Toronto-Dominion Bank Raises Quarterly Dividend 1.41%

Toronto-Dominion Bank increased its quarterly dividend to $0.791 per share, giving the stock a 2.73% forward annual yield.

Income Calculator

At $3.21 / yr per share

Per payment (quarterly)$80.25
Annual$321.00
Monthly avg$26.75
Full TD dividend calculator →

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