NEW YORK ( TheStreet) -- The ex-dividend date for Toronto-Dominion Bank (NYSE: TD) is Tuesday, January 3, 2012. Owners of shares as of market close today will be eligible for a dividend of 67 cents per share. At a price of $73.69 as of 9:30 a.m. ET, the dividend yield is 3.7%.

The average volume for Toronto-Dominion has been 709,300 shares per day over the past 30 days. Toronto-Dominion has a market cap of $65.8 billion and is part of the financial sector and banking industry. Shares are down 1% year to date as of the close of trading on Thursday.

The Toronto-Dominion Bank, together with its subsidiaries, provides financial and banking services in North America and internationally. The company's Canadian Personal and Commercial Banking segment offers various financial products and services to personal and small business customers. The company has a P/E ratio of 11.4, equal to the average banking industry P/E ratio and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Toronto-Dominion as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, impressive record of earnings per share growth, expanding profit margins, notable return on equity and compelling growth in net income. We feel these strengths outweigh the fact that the company shows weak operating cash flow. You can view the full Toronto-Dominion Ratings Report.

See our dividend calendar or top-yielding stocks list.

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