does td stock pay dividends?

Does TD stock pay dividends?

Short answer: does td stock pay dividends? Yes — Toronto‑Dominion Bank (TD) pays regular dividends on its common shares. TD historically declares quarterly dividends on its TSX‑listed common shares (paid in CAD) and on its NYSE American Depositary Receipts (ADRs, paid in USD after conversion). This article explains TD’s dividend policy, how and when payments are made, reinvestment options, tax and ADR implications, where to find up‑to‑date dates and amounts, and what investors should consider.

Overview

This guide answers the question "does td stock pay dividends" in practical terms and gives a step‑by‑step reference for both new and experienced investors. You will learn how TD’s dividend program works, the meaning of declaration, ex‑dividend and payment dates, how Dividend Reinvestment Plans (DRIPs) operate for TD shareholders, and important tax and regulatory constraints that can affect payouts.

As a reminder, TD (The Toronto‑Dominion Bank) is listed on the Toronto Stock Exchange under the ticker TD and on the New York Stock Exchange as the TD ADR (also ticker TD). The Canadian listing trades in Canadian dollars (CAD); the ADR trades in U.S. dollars (USD). Currency conversion and ADR mechanics can affect the net USD amount received by U.S. holders and influence the reported dividend yield.

Company snapshot

Toronto‑Dominion Bank is one of Canada’s major banks, offering retail banking, wealth management, wholesale banking and insurance services across Canada, the United States and internationally. Historically, TD’s common shares have paid dividends on a regular basis for many years. Because the company is dual‑listed, investors will encounter CAD‑denominated dividends on the TSX and ADR‑handled USD payments on the NYSE.

As of 2026-01-23, according to TD Investor Relations and public market data providers, TD continued to report recurring dividend declarations for common shareholders. For the latest market capitalization and trading volumes, consult TD’s investor relations and up‑to‑date market data — those numbers change daily and are published by financial data services and the exchange.

Dividend policy

When people ask "does td stock pay dividends," they’re often also asking how sustainable and predictable those dividends are. TD’s dividend policy is governed by its Board of Directors and is subject to change based on capital position, regulatory guidance and economic conditions.

Key characteristics of TD’s dividend approach:

• Frequency: TD has historically paid dividends on a quarterly basis for its common shares.
• Board discretion: Dividend declarations require Board approval and are announced by press release; the Board may reduce, suspend or increase the dividend based on bank performance and regulatory constraints.
• Review cadence: TD has described changes to its cadence for capital and dividend reviews in company communications — for example, moving from an annual to a more frequent review schedule in response to evolving regulatory or capital planning frameworks. Check TD’s investor communications for the most recent cadence.

Frequency and declaration cycle

To directly address how often TD pays dividends: does td stock pay dividends quarterly? Yes — dividend declarations for TD common shares are typically issued quarterly. The typical cadence includes three key dates for each dividend:

• Declaration date — when the company announces the dividend amount and key dates.
• Ex‑dividend date — the first day on which new buyers are not entitled to the declared dividend.
• Record date and payment date — the record date determines which shareholders are eligible; payment date is when cash (or ADR‑converted funds) is distributed.

Because the Board has discretion, does td stock pay dividends at a guaranteed rate? No — dividends are not guaranteed and can be altered. Historical consistency is a signal, not a guarantee.

Amounts, yield and payout metrics

When evaluating "does td stock pay dividends" investors typically want to know the amount per share, the dividend yield, and the payout ratio. Dividends are reported as a per‑share cash amount per period (usually per quarter) and as an annualized total when summed for the year.

How dividend yield is calculated: dividend yield = (annualized dividends per share) / (current share price). For TSX shares, use CAD dividend totals and CAD share price; for ADRs, brokers usually convert CAD payments to USD before distribution, and the ADR price is in USD — yield varies by currency conversion and market prices.

Recent dividend amounts and history

Does td stock pay dividends at a fixed growth rate? TD has historically raised its dividend in many years, but increases are company‑specific and depend on earnings and capital adequacy. For precise quarterly amounts and full historical tables, consult TD’s dividend press releases and financial data providers such as TipRanks, StockAnalysis, Macrotrends, Morningstar, and Dividend data aggregators. These sources list declaration dates, ex‑dividend dates, payment dates and per‑share amounts.

As of 2026-01-23, TD’s most recent dividend declarations and amounts were reported via TD Bank Group press releases and the investor relations dividend page. For example, in prior years TD declared quarterly dividends that, when annualized, produced a dividend yield that fluctuated with share price movements. Always read the company’s press release for the exact per‑share amount and effective dates.

Dividend yield and payout ratio

Typical yield ranges: TD’s dividend yield historically fell in a mid‑single‑digit percentage range, but it varies with share price and market conditions. The dividend payout ratio — the proportion of earnings paid as dividends — is used to gauge sustainability. Banks calculate payout ratios differently (e.g., using adjusted earnings), and TD’s payout ratio has varied year‑to‑year with profitability, loan losses and capital decisions.

Note: yields and payout metrics are time‑sensitive. When asking "does td stock pay dividends," investors should always compute yield using the latest declared annualized dividend and the current share price in the currency of the listing they own.

Dividend Reinvestment Plan (DRIP)

Many investors ask whether TD offers a DRIP. Yes — TD has a Dividend Reinvestment Plan for common shareholders. Important DRIP features:

• Enrollment: Eligible registered shareholders (and eligible broker participants depending on broker policies) can enroll to have cash dividends reinvested into additional TD common shares.
• Reinvestment method: Reinvestment can occur either through open‑market purchases or by issuance of new shares from treasury, depending on plan rules and market conditions.
• Discount: Historically, when shares are issued from treasury, some Canadian banks offer up to a small percentage discount (for example, up to 5%) on the purchase price for DRIP participants; check TD’s current DRIP terms on the company’s investor relations page for the exact terms and whether this discount applies at the time of enrollment.
• Broker handling: Many brokers handle DRIP enrollment on behalf of beneficial owners; policies and availability differ for ADR holders and non‑resident shareholders.

If you want to enroll in TD’s DRIP, consult the transfer agent and TD’s investor relations materials for enrollment steps and for any fees or restrictions.

How dividends are paid and who is eligible

Does td stock pay dividends to all holders? Only shareholders of record on the declared record date are eligible. Here’s how the process works for different types of holders:

• Registered shareholders: If you hold TD shares directly on the company’s registry, the transfer agent will pay dividends directly or reinvest them if you enroll in DRIP.
• Beneficial (broker‑held) shareholders: Brokers hold shares in street name and typically credit dividend payments to your brokerage account on the payment date. Brokers also handle ADR conversion for NYSE ADR holders.
• ADR holders: ADRs represent a number of underlying Canadian shares (commonly one ADR = one common share, but confirm the ADR ratio). The depositary bank converts CAD dividend payments into USD and distributes them to ADR holders after fees and currency conversion. ADR holders receive payment in USD on the depositary’s schedule; timing can lag the TSX payment date by a few business days due to conversion and transfer processes.

For non‑resident investors and U.S. residents holding ADRs, special broker or depositary instructions may be required to participate in the DRIP or to receive tax documentation.

Tax considerations

Taxes on dividends depend on residency and the share class held. Key points:

• Canadian residents: Dividends paid by Canadian public corporations are often designated as eligible dividends for Canadian tax purposes; eligible dividends may receive preferential gross‑up and dividend tax credit treatment in Canada. Always refer to TD’s dividend designation in the relevant press release and the company’s tax reporting documents.
• U.S. residents: U.S. shareholders holding ADRs may be subject to Canadian withholding tax on dividends paid by Canadian corporations (typically withheld at source). Tax treaties (Canada‑U.S.) can reduce withholding rates, but U.S. investors should consult a tax advisor for how to claim credits on U.S. tax returns. ADR depositary documentation provides details on withholding and net payments.
• Other non‑residents: Withholding rates vary by jurisdiction and treaty; confirm with a tax professional.

Because tax treatment is specific to individual circumstances, does td stock pay dividends in a tax‑efficient way? That depends on the investor’s residency, tax bracket and whether dividends are eligible dividends under Canadian tax law. Always consult a qualified tax advisor for personal tax advice.

Restrictions and regulatory considerations

Dividends paid by banks are subject to prudential and regulatory constraints. For TD, the Bank Act, capital adequacy rules (Basel frameworks adopted by Canadian regulators), and guidance from the Office of the Superintendent of Financial Institutions (OSFI) influence the bank’s ability to pay dividends. During severe economic stress, regulators may limit or restrict dividend payments to preserve capital.

Other constraints include:

• Capital tests: If TD needs to preserve or raise capital to meet regulatory buffers, dividend reductions or suspensions are possible.
• Preferred claims: Preferred shareholders have preference in distributions for preferred dividends; common share dividends are paid after satisfying preferred obligations.
• Board discretion: The Board retains the right to change dividend policy to reflect business needs.

ADRs and currency considerations

Because TD is dual‑listed, many investors ask "does td stock pay dividends in USD or CAD?" The primary shares on the TSX are paid in CAD. ADRs on the NYSE receive USD distributions after the depositary converts CAD cash dividends into USD (a conversion and administrative fee may apply). The net USD payment reflects the spot conversion rate used by the depositary bank and any fees charged.

Currency effects matter for yield comparison: a CAD dividend reported as a percentage yield on the TSX will translate differently into USD yield on the ADR depending on CAD/USD exchange movements. Brokers and ADR depositaries publish conversion and processing details — check their documentation for specifics.

How to find ex‑dividend and payment dates

Where can you confirm "does td stock pay dividends" and the exact dates and amounts? The authoritative sources are:

• TD Investor Relations — dividend and press release pages publish declaration, ex‑dividend, record and payment dates.
• TD Media Room press releases — official announcements of dividend declarations.
• Financial data providers — TipRanks, StockAnalysis, Macrotrends, Morningstar, Dividend.com and DividendMax provide consolidated historical dividend tables and upcoming dates.
• Transfer agent and depositary documentation — DRIP rules and ADR conversion schedules are provided by the transfer agent and the ADR depositary bank.

As of 2026-01-23, according to TD Bank Group press releases and the TD investor relations dividend page, the most recent dividend declaration included the declaration date, ex‑dividend date, record date and payment date — check those pages for the definitive schedule and the per‑share amount.

Historical performance and trends

Long‑term dividend history is useful when answering "does td stock pay dividends" in the context of reliability. TD has a long record of paying dividends to common shareholders and has increased the dividend in many periods, reflecting earnings growth and capital strength. Historical datasets from Macrotrends, TipRanks and StockAnalysis show multi‑year histories of per‑share dividends, annualized totals and cumulative increases.

That said, past dividend growth does not guarantee future increases. Bank dividends are sensitive to economic cycles, credit losses and regulatory capital requirements.

Risks and considerations for investors

Key risks that could affect TD’s dividends include:

• Macroeconomic shocks and credit losses that reduce earnings available for dividends.
• Regulatory changes or increased capital requirements that force the bank to retain capital and limit distributions.
• Significant declines in share price which raise yield but may reflect increased business risk.
• Currency fluctuations for ADR holders, which can reduce USD receipts on converted CAD dividends.

When evaluating whether to hold TD for dividends, consider earnings stability, capital adequacy metrics reported by TD, and regulatory guidance from Canadian authorities.

Practical steps for investors

If you’re looking for a concise action list after asking "does td stock pay dividends," follow these steps:

1. Check TD’s investor relations dividend page and press releases for the most recent declaration, ex‑dividend and payment dates.
2. Confirm whether you hold CAD shares (TSX) or ADRs (NYSE) so you know the currency and conversion rules that will apply.
3. If you want to reinvest dividends, read TD’s DRIP terms and enroll through the transfer agent or your broker, noting any discount or issuance rules.
4. Consult a tax professional about withholding and reporting obligations specific to your residency.
5. For trading or custody solutions, consider Bitget and Bitget Wallet for secure custody and trade execution needs; verify with Bitget whether specific equities or ADRs are available on the platform and review platform fees and processes.

References and data sources

Primary sources used in this article (search these names for the official documents and historical tables):

• TD Bank Group newsroom — "TD BANK GROUP DECLARES DIVIDENDS" (TD Media Room)
• TD Investor Relations — "Dividends" page (TD)
• TipRanks — Toronto‑Dominion Bank (TD) dividend date & history
• StockAnalysis — TD dividend information (US and TSX pages)
• Macrotrends — Toronto Dominion Bank dividend history
• Morningstar — TD dividends
• DividendMax, Dividend.com — dividend calendars and history
• The Globe and Mail — TD dividends coverage

As of 2026-01-23, according to TD investor relations and TD Bank Group press releases, dividend declarations and historical dividend tables were available on the company’s investor pages and the providers listed above. For validated, timely numbers (per‑share amounts, ex‑dividend dates, and payment dates) always consult TD’s press release on the declaration date or the company’s dividend web page.

See also

• Dividend (finance)
• Dividend reinvestment plan (DRIP)
• Canadian banks
• American Depositary Receipt (ADR)

Final notes and next steps

To summarize the central question: does td stock pay dividends? Yes — TD pays regular dividends on its common shares, usually quarterly. The exact per‑share amounts, yield and payment dates change over time, are set by the Board, and are published in TD’s official releases. Investors should verify current details on TD’s investor relations pages and through reliable financial data providers.

If you want to act on this information: check TD’s most recent dividend press release for the current declaration, confirm whether you hold TSX shares or NYSE ADRs, consider enrolling in TD’s DRIP if eligible, and consult a tax professional for tax consequences. For custody or trading solutions, explore Bitget and Bitget Wallet as part of your platform review process — verify instrument availability and platform procedures before trading.

Disclaimer: This article is informational only. It is not investment, tax or legal advice. Dividend amounts, yields and dates change over time; check TD’s investor relations and official press releases for the latest information. Consult qualified professionals for personalized guidance.

Quick FAQ (short answers)

• Q: does td stock pay dividends? A: Yes — TD pays regular dividends on common shares.
• Q: How often does TD pay dividends? A: Typically quarterly, subject to Board approval.
• Q: Are TD dividends guaranteed? A: No — dividends are declared at the Board’s discretion and can be changed.
• Q: Are ADR holders paid differently? A: ADRs receive USD after conversion and any depositary processing/fees; timing can differ slightly from TSX payments.
• Q: Can I enroll in a DRIP? A: Yes — TD offers a DRIP; check the transfer agent or TD’s investor relations for enrollment steps.