Trailing Dividend / Share
$4.46
The Toronto-Dominion Bank (TD) Dividend History
Income profile from 1989 to 2026 with payout safety and yield-on-cost trend
Dividend Yield
2.6%
Payout Ratio
37.3%
Sustainable
Dividend Streak
10 years
TD Dividend Income Check
Safety
37.3% payout ratio with sustainable safety profile.
Consistency
10 straight years of dividend increases.
Income Trend
Yield on cost is 5.3% and trend is rising.
TD Dividend Scorecard
Yield & Income
Dividend Yield2.6%
Trailing DPS$4.46
FrequencyQuarterly
Payments / 12M5
Payout Safety
Earnings Payout37.3%
Earnings SafetySustainable
FCF Payout32.0%
FCF SafetyWell Covered
Piotroski F-Score6/9
Growth
Growth Streak10 years
3Y CAGR2.7%
5Y CAGR5.1%
Yield on Cost (5Y)5.3%
YOC Trendrising
Total Returns
Buyback Yield7.2%
Total Shareholder Yield9.8%
1Y Total Return58.6%
5Y Total Return113.1%
Div Contribution (5Y)22.6%
Estimated $10K growth (return + dividends):
5Y ago$21,31010Y ago$33,14620Y ago$54,915
Uses precomputed total return metrics from screening data (not lot-by-lot dividend reinvestment transactions). Different time windows can produce different outcomes depending on market regime and entry point.
TD Income Growth Story
Dividend per share and yield on cost over time (38 years of payments)
TD Dividend Safety Story
EPS is the container — dividend is what's drawn out
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Dividend Analysis
Payout Safety
The Toronto-Dominion Bank distributes 37.3% of earnings as dividends (Sustainable). When measured against free cash flow—a stricter test—the payout ratio stands at 32.0%, rated "Well Covered".
Piotroski F-Score: 6/9 — moderate financial health.
Growth Track Record
TD has raised its dividend for 10 consecutive years, with a 3-year CAGR of 2.7% and 5-year CAGR of 5.1%.
Total Shareholder Returns
Beyond cash dividends, TD returns capital through share repurchases. The combined picture: 2.6% dividend yield, 7.2% buyback yield, 9.8% total shareholder yield.
Income Trend & Total Return
Yield on cost (5-year basis) has reached 5.3% and is currently rising. The 5-year total return is 113.1%, with dividends contributing 22.6% of that performance.
DRIP Growth
A $10,000 investment made 10 years ago with dividends reinvested would have grown to approximately $33,146 today.
TD Recent Dividend Payments
Last 20 payments · Quarterly
TTM Total$14.72
Avg/Payment$0.7358
Latest Change+1.0%
| Ex-Date | Amount | Change | Yield % | Payment Date |
|---|---|---|---|---|
| Oct 9, 2026Latest | $0.8000 | ↑ +1.0% | 2.60% | Oct 31, 2026 |
| Jul 10, 2026 | $0.7924 | ↑ +1.3% | 2.57% | Jul 31, 2026 |
| Apr 9, 2026 | $0.7821 | ↑ +0.6% | 3.08% | Apr 30, 2026 |
| Jan 9, 2026 | $0.7775 | ↑ +3.7% | 3.21% | Jan 31, 2026 |
| Oct 10, 2025 | $0.7501 | ↓ -2.2% | 3.79% | Oct 31, 2025 |
| Jul 10, 2025 | $0.7673 | ↑ +5.1% | 4.01% | Jul 31, 2025 |
| Apr 10, 2025 | $0.7300 | ↑ +0.8% | 5.20% | Apr 30, 2025 |
| Jan 10, 2025 | $0.7240 | ↓ -2.7% | 5.47% | Jan 31, 2025 |
TD Dividend vs Peers
Comparable companies in the same industry
#6 yield in peer group
Div Yield
2.6%
#6 of 9
Safety
Sustainable
37.3% payout
Streak
10Y
5.1% 5Y CAGR
Total Shareholder
9.8%
#1 of 9
| Company | Mkt Cap | Yield | Payout | Streak | Safety |
|---|---|---|---|---|---|
| TDThe Toronto-Dominion… | $207.2B | 2.6% | 37.3% | 10 | Sustainable |
 BMOBank of Montreal | $122.1B | 2.8% | 57.8% | 5 | Sustainable |
2nd  BNSThe Bank of Nova Sco… | $115.3B | 3.3% | 68.9% | 1 | Watch |
 RYRoyal Bank of Canada | $284.7B | 2.2% | 43.2% | 10 | Sustainable |
 CMCanadian Imperial Ba… | $106.3B | 2.6% | 47.4% | 10 | Sustainable |
1st  USBU.S. Bancorp | $92.6B | 3.4% | 41.8% | 15 | Sustainable |
3rd  PNCThe PNC Financial Se… | $91.0B | 2.9% | 38.0% | 15 | Sustainable |
 JPMJPMorgan Chase & Co. | $911.0B | 1.8% | 29.1% | 15 | Sustainable |
 BACBank of America Corp… | $398.8B | 2.3% | 31.3% | 12 | Sustainable |
TD Annual Dividend History (1989–2026)
38 years of dividend data
GrowthDecline
| Year | DPS | YoY | Pmts | EPS | Payout | Coverage | YOC |
|---|---|---|---|---|---|---|---|
| 2026YTD | $3.15 | — | 4 | — | — | — | 5.6% |
| 2025 | $2.97 | -1.2% | 4 | $11.56 | 25.7% | 3.89x | 5.3% |
| 2024 | $3.01 | 5.8% | 4 | $4.72 | 63.7% | 1.57x | 5.3% |
| 2023 | $2.84 | 3.6% | 4 | $5.52 | 51.5% | 1.94x | 5.1% |
| 2022 | $2.74 | 9.3% | 4 | $9.47 | 29.0% | 3.45x | 4.9% |
| 2021 | $2.51 | 8.4% | 4 | $7.72 | 32.5% | 3.08x | 4.5% |
| 2020 | $2.31 | 6.1% | 4 | $6.43 | 36.0% | 2.78x | 4.1% |
| 2019 | $2.18 | 7.1% | 4 | $6.25 | 34.9% | 2.87x | 3.9% |
| 2018 | $2.04 | 12.6% | 4 | $6.01 | 33.9% | 2.95x | 3.6% |
| 2017 | $1.81 | 11.3% | 4 | $5.50 | 32.9% | 3.04x | 3.2% |
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TD — Frequently Asked Questions
Quick answers to the most common questions about buying TD stock.
How much dividend does TD pay per share?
The Toronto-Dominion Bank (TD) pays a trailing 12-month dividend of $4.46 per share, with a current dividend yield of +2.6%. Payments are made Quarterly.
When is TD's next ex-dividend date?
TD's most recent ex-dividend date is N/A. You must own shares before the ex-dividend date to receive the next payment. TD typically pays dividends Quarterly.
Is TD's dividend safe?
TD's dividend safety is rated "Sustainable" based on an earnings payout ratio of +37.3% and FCF payout ratio of +32.0%. The 10-year growth streak provides moderate confidence.
Is TD a Dividend Achiever?
Yes, The Toronto-Dominion Bank is classified as a Dividend Achiever with 10 consecutive years of dividend increases. The 5-year dividend CAGR is +5.1%, demonstrating above-inflation dividend growth.
How often does TD pay dividends?
The Toronto-Dominion Bank pays dividends Quarterly. The trailing 12-month total is $4.46 per share. Dividend data on this page covers 37+ years from 1989 to 2026.
How much would $10,000 invested in TD grow with dividend reinvestment?
With dividends reinvested (DRIP), $10,000 invested in TD five years ago would be worth approximately $21,310 today. This includes both price appreciation and compounded dividend reinvestment. Use the DRIP calculator above for other time periods.
What is TD's yield on cost for long-term holders?
TD's yield on cost — the current dividend divided by the original purchase price — is +5.3% for a 5-year holding period. This means long-term holders earn a higher effective yield than today's +2.6% market yield, thanks to consistent dividend growth.