TORONTO, Aug. 23 /CNW/ - The Toronto-Dominion Bank (the "Bank") today
announced that a dividend in an amount of fifty-seven cents (57 cents) per
fully paid common share in the capital stock of the Bank has been declared for
the quarter ending October 31, 2007, payable on and after October 31, 2007 to
shareholders of record at the close of business on October 3, 2007. This
represents an increase in the quarterly dividend of four cents or eight per
cent compared with last quarter.
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
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, with no
discount from the Average Market Price (as defined in the Plan) until such
time as the Bank elects otherwise.
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 7010, Adelaide Street Postal Station, Toronto, Ontario, M5C 2W9 before the
close of business on October 2, 2007. Beneficial or non-registered holders
must contact their financial institution or broker for instructions on how to
participate in advance of the above date.
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 October 31, 2007 to shareholders of record at the
close of business on October 9, 2007:
- Series M, in an amount per share of $0.29375;
- Series N, in an amount per share of $0.2875; and
- Series O, in an amount per share of $0.303125.
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 October 31, 2007 and all future dividends will be eligible dividends
unless indicated otherwise.
For further information:
For further information: Annette Galler, Senior Legal Officer,
Corporate, Legal Department - Shareholder Relations, (416) 944-6367, Toll free
1-866-756-8936; Simon Townsend, Senior Manager, External Communications,
Corporate & Public Affairs, (416) 944-7161