Toronto-Dominion Bank has recently announced a quarterly dividend payment and experienced notable insider trading activity. Shareholders of record received a dividend of $1.05 per share on October 31, 2023, representing an annualized dividend of $4.20 and a dividend yield of 3.3%. The ex-dividend date was October 10, 2023, and the bank’s current dividend payout ratio (DPR) stands at 36.33%.
Insider Trading Activity
In related developments, insider Ajai Bambawale sold 7,328 shares of Toronto-Dominion Bank on October 1, 2023, at an average price of C$112.07. The total proceeds from the sale amounted to C$821,248.96. Following this transaction, Bambawale retains 800 shares, valued at approximately C$89,656, reflecting a significant decrease of 90.16% in their ownership.
Conversely, Director Nathalie Palladitcheff acquired 1,000 shares on October 6, 2023, at an average price of C$112.64, resulting in a total investment of C$112,640.00. After this purchase, Palladitcheff’s holdings increased to 3,292 shares, valued at around C$370,810.88, marking a 43.63% rise in ownership.
In total, insiders have sold 84,384 shares over the last ninety days, with a total value of $9,456,915. Currently, insiders hold 0.08% of the bank’s stock.
Overview of Toronto-Dominion Bank
Toronto-Dominion Bank, one of Canada’s largest financial institutions, operates through three primary segments: Canadian retail banking, U.S. retail banking, and wholesale banking. Its U.S. operations cover a significant stretch from Maine to Florida, with a particularly strong presence in the Northeast. Additionally, the bank holds a 13% ownership stake in Charles Schwab.
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