(all amounts in Canadian dollars)
TORONTO, Feb. 28, 2013 /CNW/ - The Toronto-Dominion Bank (the Bank)
today announced that a dividend in an amount of eighty-one cents (81
cents) per fully paid common share in the capital stock of the Bank has
been declared for the quarter ending April 30, 2013, payable on and
after April 30, 2013, to shareholders of record at the close of
business on April 3, 2013. This represents an increase in the
quarterly dividend of four cents or five per cent compared with last
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 determines whether the additional common shares
are purchased in the open market or issued by the Bank from treasury.
At this time, the Bank has decided to continue to issue shares from treasury, but with
no discount from the Average Market Price (as defined in the Plan)
until such time as the Bank elects otherwise. This change will be
effective beginning with the dividend declared today for the quarter
ending April 30, 2013.
Any registered holder of record wishing to join the Plan can obtain an
Enrolment Form from CIBC Mellon Trust Company* (1-800-387-0825) or on
the Bank's website, www.td.com/investor/drip.jsp. Beneficial or non-registered holders of the Bank's common shares must
contact their financial institution or broker to participate.
In order to participate in time for this dividend, Enrolment Forms for
registered holders must be in the hands of CIBC Mellon Trust Company*
at P.O. Box 700, Postal Station B, Montreal, Québec, H3B 3K3 before the
close of business on April 2, 2013. Beneficial or non-registered
holders must contact their financial institution or broker for
instructions on how to participate in advance of the above date.
Registered participants in the Plan who wish to terminate participation
in the Plan so that cash dividends they are entitled to be paid on and
after April 30, 2013 are not reinvested under the Plan must give
written notice to CIBC Mellon Trust Company* at the above address so
that it is received by no later than April 1, 2013. Non-registered
participants in the Plan should contact their financial institution or
broker in advance of April 1, 2013 for instructions on how to terminate
participation so that this dividend is not reinvested on and after
April 30, 2013.
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 April 30, 2013, to shareholders of
record at the close of business on April 8, 2013:
Series O, in an amount per share of $0.303125;
Series P, in an amount per share of $0.328125;
Series Q, in an amount per share of $0.35;
Series R, in an amount per share of $0.35;
Series S, in an amount per share of $0.3125;
Series Y, in an amount per share of $0.31875;
Series AA, in an amount per share of $0.3125;
Series AC, in an amount per share of $0.35;
Series AE, in an amount per share of $0.390625;
Series AG, in an amount per share of $0.390625;
Series AI, in an amount per share of $0.390625; and
Series AK, in an amount per share of $0.390625.
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 April 30, 2013, and all future dividends will be
eligible dividends unless indicated otherwise.
*Canadian Stock Transfer Company Inc. acts as administrative agent for
CIBC Mellon Trust Company.
About TD Bank Group
The Toronto-Dominion Bank and its subsidiaries are collectively known as
TD Bank Group (TD). TD is the sixth largest bank in North America by
branches and serves approximately 22 million customers in four key
businesses operating in a number of locations in key financial centres
around the globe: Canadian Personal and Commercial Banking, including
TD Canada Trust and TD Auto Finance Canada; Wealth and Insurance,
including TD Waterhouse, an investment in TD Ameritrade, and TD
Insurance; U.S. Personal and Commercial Banking, including TD Bank,
America's Most Convenient Bank, and TD Auto Finance U.S.; and Wholesale
Banking, including TD Securities. TD also ranks among the world's
leading online financial services firms, with more than 9 million
online customers. TD had CDN$818 billion in assets on January 31,
2013.The Toronto-Dominion Bank trades under the symbol "TD" on the
Toronto and New York Stock Exchanges.
SOURCE: TD Bank Group
For further information:
Senior Legal Officer, Corporate
Legal Department - Shareholder Relations
Toll free 1-866-756-8936
Media Relations, Corporate & Public Affairs