During the past 12 months, The Toronto-Dominion Bank's average Dividends Per Share Growth Rate was 2.90% per year.
During the past 3 years, the average Dividends Per Share Growth Rate was 5.70% per year.
During the past 5 years, the average Dividends Per Share Growth Rate was 6.90% per year.
During the past 10 years, the average Dividends Per Share Growth Rate was 8.00% per year.
During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of The Toronto-Dominion Bank was 21.40% per year. The lowest was 3.40% per year. And the median was 9.85% per year.
The growth rate is calculated with least square regression.
For more information regarding to dividend, please check our Dividend Page.
The Toronto-Dominion Bank (NYSE:TD) Forward Dividend Yield % Explanation
Over the long term, the return from dividends has been a significant contributor to the total returns produced by equity securities. Studies by Elroy Dimson, Paul Marsh, and Mike Staunton of Princeton University (2002) found that a market-oriented portfolio, which included reinvested dividends, would have generated nearly 85 times the wealth generated by the same portfolio relying solely on capital gains.
Dividends may also qualify a lower tax rate for investors.
In dividends investing, Payout Ratio and Dividend Growth Rate are the two most important variables for consideration. A lower payout ratio may indicate that the company has more room to increase its dividends.
The Toronto-Dominion Bank Forward Dividend Yield % Related Terms
TD vs JPM, BAC, WFC: Forward Dividend Yield % Comparison
For the Banks - Diversified subindustry, The Toronto-Dominion Bank's Forward Dividend Yield %, along with its competitors' market caps and Forward Dividend Yield % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
The Toronto-Dominion Bank Forward Dividend Yield % vs Banks Industry
For the Banks industry and Financial Services sector, The Toronto-Dominion Bank's Forward Dividend Yield % distribution charts can be found below:
* The bar in red indicates where The Toronto-Dominion Bank's Forward Dividend Yield % falls into.
The Toronto-Dominion Bank Forward Dividend Yield % Calculation
Dividend Yield measures how much a company pays out in dividends each year relative to its share price.
The Toronto-Dominion Bank Recent Full-Year* Dividend History
Amount
Ex-date
Record Date
Pay Date
Type
Frequency
Forex Rate
CAD 1.080000
2026-04-09
2026-04-09
2026-04-30
Cash Dividend
quarterly
CAD:USD 0.734700
CAD 1.080000
2026-01-09
2026-01-09
2026-01-31
Cash Dividend
quarterly
CAD:USD 0.737626
CAD 1.050000
2025-10-10
2025-10-10
2025-10-31
Cash Dividend
quarterly
CAD:USD 0.713776
CAD 1.050000
2025-07-10
2025-07-10
2025-07-31
Cash Dividend
quarterly
CAD:USD 0.722282
* GuruFocus has an internal rule that if the most recent dividend payment frequency is at least 4 times a year, then the full year will be calculated according to the frequency of payment or the one-year time frame, whichever is stricter.
* GuruFocus converts dividend currency to local traded share price currency in order to calculate dividend yield. Please refer to the last column "Forex Rate" in the above table.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
What does a Forward Dividend Yield % of 2.75% mean?
The Toronto-Dominion Bank (TD) has a Forward Dividend Yield % of 2.75% as of Jun. 24, 2026. Forward dividend yield is the ratio of company's expected dividends to the share price. View historical data on The Toronto-Dominion Bank and its competitors. According to the industry distribution chart, The Toronto-Dominion Bank ranks #780 out of 1243 companies in the Banks industry, placing it in the top 62.8%.
Is The Toronto-Dominion Bank's Forward Dividend Yield % too high?
The Toronto-Dominion Bank's current Forward Dividend Yield % is 2.75%. The Banks industry median Forward Dividend Yield % is 3.15. The Toronto-Dominion Bank's value of 2.75% is 12.7% below this industry median. Based on the distribution chart, The Toronto-Dominion Bank ranks #780 out of 1243 companies in the Banks industry, which is below the industry midpoint. Overall, The Toronto-Dominion Bank has a GF Score™ of 73/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does The Toronto-Dominion Bank's Forward Dividend Yield % compare to JPM and BAC?
According to the Banks industry distribution chart, The Toronto-Dominion Bank ranks #780 out of 1243 companies for Forward Dividend Yield %. This places The Toronto-Dominion Bank in the lower half of its industry. The industry median Forward Dividend Yield % is 3.15. The Toronto-Dominion Bank's value of 2.75% is 12.7% below this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Forward Dividend Yield % for a Banks company?
The median Forward Dividend Yield % among Banks companies is 3.15, based on 1,243 companies in the industry. Companies in the top quartile (top 25%) have a Forward Dividend Yield % significantly above this median, while those in the bottom quartile fall well below. However, Forward Dividend Yield % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. The Toronto-Dominion Bank's current Forward Dividend Yield % of 2.75% is 12.7% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Forward Dividend Yield % mean?
A high Forward Dividend Yield % can signal that a stock is expensive relative to its fundamentals. Forward dividend yield is the ratio of company's expected dividends to the share price. View historical data on The Toronto-Dominion Bank and its competitors. For the Banks industry, the median Forward Dividend Yield % is 3.15 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. The Toronto-Dominion Bank's current Forward Dividend Yield % is 2.75%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is The Toronto-Dominion Bank stock overvalued right now?
Based on GuruFocus' analysis, The Toronto-Dominion Bank (TD) is currently considered Significantly Overvalued. The stock's GF Value™ is $76.52, compared to a current price of $118.65 — trading 55.1% above its estimated fair value. The current Forward Dividend Yield % is 2.75% and 12.7% below the Banks industry median of 3.15. The Toronto-Dominion Bank's overall GF Score™ is 73/100 with 8 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Forward Dividend Yield % calculated?
Forward Dividend Yield % is calculated from a company's financial statements. For The Toronto-Dominion Bank (TD), the current Forward Dividend Yield % is 2.75% as of Jun. 24, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is The Toronto-Dominion Bank (TD) Overvalued in 2026?
Based on GuruFocus' analysis, The Toronto-Dominion Bank stock appears to be overvalued.
The current stock price of $118.65 is trading 55.1% above its estimated GF Value™ of $76.52.
GuruFocus considers The Toronto-Dominion Bank to be Significantly Overvalued.
Key valuation signals for TD:
Forward Dividend Yield %: 2.75%
GF Value™: $76.52 vs. price of $118.65 (55.1% above fair value)
Industry Position: 12.7% below the Banks median (#780 of 1243)
No single metric tells the full story. See the TD stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Toronto-Dominion is one of Canada's two largest banks with over CAD 2 trillion in assets by the end of April 2026. TD Bank operates four business segments: Canadian personal and commercial banking, US retail banking, wealth management and insurance, and wholesale banking. The bank derives more than 50% of its revenue from Canada and has dominant market shares in nearly all banking products and services. TD has around 44% of its revenue from its US operations. Its US footprint spans from Maine to Florida, with a strong presence in the Northeast.
73GF Score
Get the complete analysis for TD
Forward Dividend Yield % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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