Market dataIncome framework read
Dividend CompanyTSXCanada

TD.TO

Toronto-Dominion Bank

FinancialsPlain dividendQuarterly

Market Snapshot

$168.07

+$0.68 (0.41%)

Toronto

Yield

2.67%

Rate $4.48

Next Payment

—

Ex-date 2026-10-09

52wk Position

88.97%

-4.14% below high

Updated —

Income Intelligence Summary

Deterministic interpretation from Prospyr's income framework and available market data.

Framework readout
1

Income reliability

Derived from payout history

Quarterly income profile is visible

TD.TO has an income profile aligned with its dividend company role. Provider data shows 4 recent payout records.

2

DRIP defense

Editorial framework

Default DRIP test is not defended

TD.TO does not cover one full share per payment at the default 100-share test. Coverage is 0.67.

3

Main watch item

Editorial framework

DRIP coverage is the weak point

TD.TO is below the defended default DRIP zone. The practical watch item is share count versus current price, not just stated yield.

Decision Area

Distribution and DRIP Defense

Payout history, default DRIP coverage, and price creep pressure using market data where available.

Distribution Chart

Last 12 payments

Confirmed Expected

Coverage Ratio Test

DRIP defense check

Broken
Cash
$112.00
APR
0.666
Coverage
0.666

Broken. The dividend no longer covers the target print rate. Top up shares or lower the target print rate.

Price Creep

Defended price ceiling

Max defended
$112.00
Cushion
-$56.07
Cushion %
-33.36%
Current $168.07Break $112.00

Smart Recommendation

TD.TO is not defended at these inputs; top up shares, lower TPR, or test alternatives.

Research Signals

Payout sustainability

Strong

5mo ago

DRIP availability

Available

5mo ago

Tax character

Eligible dividend

5mo ago

Distribution history

Multi-decade

5mo ago

Structure complexity

Simple

5mo ago

Income trend

Growing

5mo ago

Account suitability

Non-reg: eligible div

5mo ago

Structure Overview

Toronto-Dominion Bank (TD) is one of the largest banks in North America by assets, with significant retail banking operations in both Canada and the United States. TD pays eligible dividends quarterly and has maintained or grown its dividend through the 2008 crisis and the COVID period. The bank's U.S. retail segment adds currency exposure for Canadian investors.

Canadian Planning Notes

  • 1Eligible dividends qualify for the federal and provincial dividend tax credit; TD's consistent payout history makes it a common anchor for non-registered income portfolios.
  • 2DRIP is available through most Canadian discount brokers; some plans offer a small discount on reinvested shares at certain participation levels.
  • 3TD's U.S. revenue mix means CAD/USD exchange rates can influence reported earnings; plan around the CAD-denominated dividend only.

Market Facts

Market Data

A factual market, distribution, valuation, and financial snapshot for this holding.

Market Data

Market data

Updated facts where available

Price

$168.07

Previous close

$167.39

Day range

$166.98 - $168.58

52wk range

$109.50 - $175.33

Market cap

274.5B

Volume

9.6M

Avg volume

5.1M

Exchange

Toronto

Dividend and distribution

Forward rate

$4.48

Trailing rate

$4.33

Forward yield

2.67%

Trailing yield

2.59%

Per payment

$1.12

Cadence

Quarterly

Next ex-date

Oct 9, 2026

Next pay

Oct 31, 2026

Last dividend

$1.12

Last dividend date

Jul 10, 2026

Performance

Daily change

$0.68

Daily change %

0.41%

52wk position

88.97%

Below 52wk high

-4.14%

Above 52wk low

53.49%

Open

$167.77

Earnings and financials

Trailing EPS

9.34

Forward EPS

11.2

Revenue

60.8B

Revenue growth

11.50%

Profit margin

26.62%

Operating margin

38.02%

Payout ratio

46.36%

Free cash flow

N/A

Total cash

633.4B

ROE

12.83%

ROA

0.78%

Debt/equity

N/A

Beta

0.87

Valuation

Trailing P/E

17.99

Forward P/E

15.01

Price/sales

4.51

Price/book

2.22

Enterprise value

178.1B

EV/EBITDA

N/A

Analyst facts

Target mean

$180.07

Target high

$196.00

Target low

$148.00

Recommendation mean

2.21

Recommendation key

buy

Analysts

14

Canadian Context

Account placement

Non-registered

Eligible Canadian dividends qualify for the dividend tax credit, which can improve after-tax income in taxable accounts.

TFSA: Tax-free growth and withdrawals.

RRSP: Tax-deferred growth, with withdrawals taxed as regular income.

Eligible dividend tax credit

Total credit
$345.27
Effective rate
34.53%

Broker DRIP status

Questrade

Available

Wealthsimple

Available

RBC Direct Investing

Available

TD Direct Investing

Available

Run Your Numbers

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This profile is informational only and does not constitute licensed financial advice. Signal values, planning notes, market data, and structure summaries may not reflect the most current issuer disclosures. Always verify current payout policy, ex-dividend dates, financial statements, and issuer communications before making any investment decision.