Toronto-Dominion Bank (TSX: TD) is a Canada-based bank operating in North America. The bank’s segments include Canadian Retail, U.S. Retail, Wholesale Banking and Corporate. The bank offers a range of financial products and services to customers.
On Thursday, TD Bank announced that its Board of Directors declared a dividend of 55 cents per fully paid common share. The dividend is for the quarter ending July 31, 2016 and will be payable on or after July 31, 2016 to shareholders of record at the close of business on July 8th, 2016. TD Bank currently offers a yield of 3.82%. The bank has an excellent track record when it comes to dividend payments.
On Thursday, TD Bank also reported its financial results for the second quarter of its fiscal year 2016. For the quarter, TD Bank reported diluted earnings per share of $1.07, compared to $0.97 per share reported for the same period in the previous year. The bank’s adjusted earnings for the quarter were $1.20 per share, compared to $1.14 per share reported for the same period in the previous year. Canadian retail net income totaled $1.5 billion, while U.S. retail net income totaled $719 million.
