(all amounts in Canadian dollars)
TORONTO, Dec. 1, 2022
/CNW/ - The Toronto-Dominion Bank (the "Bank") today announced that
a dividend in an amount of ninety-six
cents (96 cents) per fully
paid common share in the capital stock of the Bank has been
declared for the quarter ending January 31,
2023, payable on and after January
31, 2023, to shareholders of record at the close of business
on January 6, 2023.
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, 2023 dividend, the Bank will issue
the additional shares from treasury, with a 2% discount.
Registered holders of record of the Bank's common shares wishing
to join the Plan can obtain an Enrolment Form from TSX 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 TSX 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 6, 2023.
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.
Registered holders who participate in the Plan and who wish to
terminate that participation so that cash dividends to which they
are entitled to be paid on and after January
31, 2023 are not reinvested in common shares under the Plan
must deliver written notice to TSX Trust Company at the above
address by no later than January 6,
2023. Beneficial or non-registered holders who participate
in the Plan and who wish to terminate that participation so that
cash dividends to which they are entitled to be paid on and after
January 31, 2023 are not reinvested
in common shares under the Plan must contact their financial
institution or broker for instructions on how to terminate
participation in the Plan in advance of January 6, 2023.
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, 2023, to shareholders of record at the close of business
on January 6, 2023:
- 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 $0.24225;
- Series 7, in an amount per share of $0.2000625;
- Series 9, in an amount per share of $0.202625;
- Series 16, in an amount per share of $0.3938125;
- 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, 2023 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
assets and serves more than 27 million customers in four key
businesses operating in a number of locations in financial centres
around the globe: Canadian Personal and Commercial Banking,
including TD Canada Trust and TD Auto Finance Canada; U.S. Retail,
including TD Bank, America's Most Convenient Bank®, TD Auto Finance
U.S., TD Wealth (U.S.), and an investment in The Charles Schwab
Corporation; Wealth Management and Insurance, including TD Wealth
(Canada), TD Direct Investing, and
TD Insurance; and Wholesale Banking, including TD Securities. TD
also ranks among the world's leading online financial services
firms, with more than 15 million active online and mobile
customers. TD had $1.9 trillion in
assets on October 31, 2022. The
Toronto-Dominion Bank trades under the symbol "TD" on the
Toronto and New York Stock
Exchanges.
SOURCE TD Bank Group