(all amounts in Canadian dollars)
TORONTO, Aug. 27, 2015 /CNW/ - The Toronto-Dominion Bank (the "Bank")
today announced that a dividend in an amount of fifty-one cents (51
cents) per fully paid common share in the capital stock of the Bank has
been declared for the quarter ending October 31, 2015, payable on and
after October 30, 2015, to shareholders of record at the close of
business on October 6, 2015.
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 October 31, 2015 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 700, Postal Station B, Montreal, Québec, H3B 3K3
before the close of business on October 5, 2015. 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 October 30, 2015, to shareholders of
record at the close of business on October 8, 2015:
-
Series S, in an amount per share of $0.2106875;
-
Series T, in an amount per share of $0.136;
-
Series Y, in an amount per share of $0.22246875;
-
Series Z, in an amount per share of $0.141;
-
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; and
-
Series 11, in an amount per share of $0.3423.
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 October 31, 2015, 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 seventh largest bank in
North America by branches and serves more than 24 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 10 million active online and mobile customers. TD had
CDN$1.1 trillion in assets on July 31, 2015. The Toronto-Dominion Bank
trades under the symbol "TD" on the Toronto and New York Stock
Exchanges.
SOURCE TD Bank Group
