Toronto-Dominion Stock To Go Ex-dividend Monday (TD)

NEW YORK ( TheStreet) -- The ex-dividend date for Toronto-Dominion Bank (NYSE: TD) is Monday, July 2, 2012. Owners of shares as of market close today will be eligible for a dividend of 70 cents per share. At a price of $78.39 as of 10 a.m. ET, the dividend yield is 3.6%.

The average volume for Toronto-Dominion has been 648,700 shares per day over the past 30 days. Toronto-Dominion has a market cap of $70.2 billion and is part of the financial sector and banking industry. Shares are up 3.2% 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 11.6, below the average banking industry P/E ratio of 11.8 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, compelling growth in net income, notable return on equity and expanding profit margins. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself. You can view the full Toronto-Dominion Ratings Report.

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