This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

TD Bank Group Declares Dividends

(all amounts in Canadian dollars)

TORONTO, Feb. 28, 2013 /PRNewswire/ - The Toronto-Dominion Bank (the Bank) today announced that a dividend in an amount of eighty-one cents ( 81 cents) per fully paid common share in the capital stock of the Bank has been declared for the quarter ending April 30, 2013, payable on and after April 30, 2013, to shareholders of record at the close of business on April 3, 2013.  This represents an increase in the quarterly dividend of four cents or five per cent compared with last quarter.

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 determines whether the additional common shares are purchased in the open market or issued by the Bank from treasury.  At this time, the Bank has decided to continue to issue shares from treasury, but with no discount from the Average Market Price (as defined in the Plan) until such time as the Bank elects otherwise. This change will be effective beginning with the dividend declared today for the quarter ending April 30, 2013.

Any registered holder of record wishing to join the Plan can obtain an Enrolment Form from CIBC Mellon Trust Company* (1-800-387-0825) or on the Bank's website, www.td.com/investor/drip.jsp.  Beneficial or non-registered holders of the Bank's common shares must contact their financial institution or broker to participate.

In order to participate in time for this dividend, Enrolment Forms for registered holders must be in the hands of CIBC Mellon Trust Company* at P.O. Box 700, Postal Station B, Montreal, Québec, H3B 3K3 before the close of business on April 2, 2013.  Beneficial or non-registered holders must contact their financial institution or broker for instructions on how to participate in advance of the above date.

Registered participants in the Plan who wish to terminate participation in the Plan so that cash dividends they are entitled to be paid on and after April 30, 2013 are not reinvested under the Plan must give written notice to CIBC Mellon Trust Company* at the above address so that it is received by no later than April 1, 2013.  Non-registered participants in the Plan should contact their financial institution or broker in advance of April 1, 2013 for instructions on how to terminate participation so that this dividend is not reinvested on and after April 30, 2013.

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 April 30, 2013, to shareholders of record at the close of business on April 8, 2013:

  • Series O, in an amount per share of $0.303125;
  • Series P, in an amount per share of $0.328125;
  • Series Q, in an amount per share of $0.35;
  • Series R, in an amount per share of $0.35;
  • Series S, in an amount per share of $0.3125;
  • Series Y, in an amount per share of $0.31875;
  • Series AA, in an amount per share of $0.3125;
  • Series AC, in an amount per share of $0.35;
  • Series AE, in an amount per share of $0.390625;
  • Series AG, in an amount per share of $0.390625;
  • Series AI, in an amount per share of $0.390625; and
  • Series AK, in an amount per share of $0.390625.

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 April 30, 2013, and all future dividends will be eligible dividends unless indicated otherwise.

*Canadian Stock Transfer Company Inc. acts as administrative agent for CIBC Mellon Trust Company.

1 of 2

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 16,880.36 -31.75 -0.19%
S&P 500 1,970.07 +0.12 0.01%
NASDAQ 4,462.9020 +20.2040 0.45%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs