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
TheStreet Open House

Toronto Dominion Bank's Non-Cumulative 5-Year Rate Reset Preferred Shares, Series AG About To Put More Money In Your Pocket

Stock quotes in this article: TD

On 10/4/13, Toronto Dominion Bank's Non-Cumulative 5-Year Rate Reset Preferred Shares, Series AG (TSX: TD-PRG.TO) will trade ex-dividend, for its quarterly dividend of $0.3906, payable on 10/31/13. As a percentage of TD.PRG's recent share price of $25.81, this dividend works out to approximately 1.51%, so look for shares of TD.PRG to trade 1.51% lower — all else being equal — when TD.PRG shares open for trading on 10/4/13. On an annualized basis, the current yield is approximately 6.05%.

As of last close, TD.PRG was trading at a 3.36% premium to its liquidation preference amount. It should be noted that the preferred shares are convertible. The chart below shows the one year performance of TD.PRG shares, versus TD:

Performance Comparison Chart



Below is a dividend history chart for TD.PRG, showing historical dividends prior to the most recent $0.3906 on Toronto Dominion Bank's Non-Cumulative 5-Year Rate Reset Preferred Shares, Series AG:

TD.PRG+Dividend+History+Chart



According to the ETF Finder at ETF Channel, Toronto Dominion Bank (TD) makes up 4.58% of the Bank and Brokerage ETF (RKH) which is trading relatively unchanged on the day Wednesday.

In Wednesday trading, Toronto Dominion Bank's Non-Cumulative 5-Year Rate Reset Preferred Shares, Series AG (TSX: TD-PRG.TO) is currently down about 0.1% on the day, while the common shares (TD) are trading flat.

null

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 16,804.71 -238.19 -1.40%
S&P 500 1,946.16 -26.13 -1.32%
NASDAQ 4,422.0850 -71.3050 -1.59%

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