(all amounts in Canadian dollars)
TORONTO, Dec. 3, 2020 /CNW/ - The Toronto-Dominion Bank
(the Bank) today announced that a dividend in an amount of
seventy-nine cents (79 cents) per fully paid common share
in the capital stock of the Bank has been declared for the quarter
ending January 31, 2021, payable on
and after January 31, 2021, to
shareholders of record at the close of business on January 8, 2021.
In lieu of receiving their dividends in cash, holders of the
Bank's common shares may choose to have their dividends reinvested
in additional common shares of the Bank in accordance with the
Dividend Reinvestment Plan (the "Plan").
Under the Plan, the Bank has the discretion to either purchase
the additional common shares in the open market or issue them from
treasury. If issued from treasury, the Bank may decide to
apply a discount of up to 5% to the Average Market Price (as
defined in the Plan) of the additional shares. For the
January 31, 2021 dividend, the Bank
will issue the additional shares from treasury, with no
discount.
Registered holders of record of the Bank's common shares wishing
to join the Plan can obtain an Enrolment Form from AST Trust
Company (Canada) (1-800-387-0825)
or on the Bank's website, www.td.com/investor/drip.jsp. In
order to participate in the Plan in time for this dividend,
Enrolment Forms for registered holders must be received by AST
Trust Company (Canada) at P.O. Box
4229, Postal Station A, Toronto,
Ontario, M5W 0G1, or by facsimile at 1-888-488-1416,
before the close of business on January 8, 2021.
Beneficial or non-registered holders of the Bank's common shares
wishing to join the Plan must contact their financial institution
or broker for instructions on how to enroll in advance of the above
date.
Registered holders who participate in the Plan and who wish to
terminate that participation so that cash dividends to which they
are entitled to be paid on and after January
31, 2021 are not reinvested in common shares under the Plan
must deliver written notice to AST Trust Company (Canada) at the above address by no later than
January 8, 2021. Beneficial or
non-registered holders who participate in the Plan and who wish to
terminate that participation so that cash dividends to which they
are entitled to be paid on and after January
31, 2021 are not reinvested in common shares under the Plan
must contact their financial institution or broker for instructions
on how to terminate participation in the Plan in advance of
January 8, 2021.
The Bank also announced that dividends have been declared on the
following Non-Cumulative Redeemable Class A First Preferred Shares
of the Bank, payable on and after January
31, 2021, to shareholders of record at the close of business
on January 8, 2021:
- Series 1, in an amount per share of $0.228875;
- Series 3, in an amount per share of $0.2300625;
- Series 5, in an amount per share of $0.24225;
- Series 7, in an amount per share of $0.2000625;
- Series 9, in an amount per share of $0.202625;
- Series 12, in an amount per share of $0.34375;
- Series 14, in an amount per share of $0.303125;
- Series 16, in an amount per share of $0.28125;
- Series 18, in an amount per share of $0.29375;
- Series 20, in an amount per share of $0.296875;
- Series 22, in an amount per share of $0.325; and
- Series 24, in an amount per share of $0.31875.
The Bank for the purposes of the Income Tax Act (Canada) and any similar provincial legislation
advises that the dividend declared for the quarter ending
January 31, 2021 and all future
dividends will be eligible dividends unless indicated
otherwise.
About TD Bank Group
The Toronto-Dominion Bank and its subsidiaries are collectively
known as TD Bank Group ("TD" or the "Bank"). TD is the sixth
largest bank in North America by
branches and serves over 26 million customers in three key
businesses operating in a number of locations in financial centres
around the globe: Canadian Retail, including TD Canada Trust, TD
Auto Finance Canada, TD Wealth (Canada), TD Direct Investing, and TD
Insurance; U.S. Retail, including TD Bank, America's Most
Convenient Bank®, TD Auto Finance U.S., TD Wealth
(U.S.), and an investment in The Charles Schwab Corporation; and
Wholesale Banking, including TD Securities. TD also ranks among the
world's leading online financial services firms, with more than 14
million active online and mobile customers. TD had CDN$1.7 trillion in assets on October 31, 2020. The Toronto-Dominion Bank
trades under the symbol "TD" on the Toronto and New York Stock Exchanges.
SOURCE TD Bank Group