RE: payout ratio
Go to TD;s website. Look for header market research. Punch in PMT. Look about 2/3 down the right hand side. There is a eps and div.
The eps is -.20 cents
The div is .48 cents.....see a problem.
Pmt also includes the gain on the sale of hedging. Kind of like selling a piece of art fro your frontroom, once it's gone, it's gone for good. The assest has been permenantley retired. (funds from discontinued operations)
Tthey have been inflating earnings buy such practises.
They really ought to gut the div or cancel it outright. They cant keep selling one time items to pay for it.......
The price might drop...but far better to strengthen the balance sheet.