TD BANK GROUP DECLARES DIVIDENDS
(all amounts in Canadian dollars)
TORONTO – December 5, 2024 -
The Toronto
-Dominion Bank (the "Bank") today announced that a dividend
in an
amount of one dollar and five cents ($1.05) per fully paid common
share in the capital stock of the Bank has been
declared for the quarter ending January 31, 2025, payable
on and after January 31,
2025, to shareholders of record at the
close of business on January 10, 2025.
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,
2025 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
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 10, 2025.
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, 2025 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 10, 2025.
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, 2025 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 10, 2025.
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,
2025, to shareholders of record at the close of business
●
Series 1, in an amount per share of $0.310625;
●
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; and
●
Series 18, in an amount per share of $0.3591875.
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, 2025 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
over 27.9 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
