(all amounts in Canadian dollars)
TORONTO, Dec. 1, 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 January 31,
2017, payable on and after January
31, 2017, to shareholders of record at the close of business
on January 10, 2017.
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, 2017 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 January 9, 2017.
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, 2017, to shareholders of record at the close of business
on January 10, 2017:
- Series S, in an amount per share of $0.2106875;
- Series T, in an amount per share of $0.1333125;
- Series Y, in an amount per share of $0.22246875;
- Series Z, in an amount per share of $0.1383125;
- 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; and
- Series 14, in an amount per share of $0.303125.
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, 2017 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 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
11 million active online and mobile customers. TD had CDN$1.2 trillion in assets on October 31, 2016. The Toronto-Dominion Bank
trades under the symbol "TD" on the Toronto and New York Stock Exchanges.
SOURCE TD Bank Group