Does The Toronto-Dominion Bank (TD) Pay a Dividend? (2026)
Last updated July 2026
Short answer
Yes. The Toronto-Dominion Bank (TD) pays a dividend yielding about 2.62% as of July 2026, paid quarterly, four times a year. The latest payment on record was $0.79 per share, ex-dividend July 10, 2026. The forward annual rate is roughly $3.16 per share, about $262 a year on a $10,000 position before tax. The payout takes about 50% of earnings. Figures are approximate and dated; verify the current number with your broker.
Does The Toronto-Dominion Bank (TD) pay a dividend?
Yes. The Toronto-Dominion Bank distributes a dividend yielding roughly 2.62% as of July 2026, paid quarterly, four times a year. The most recent payment on record was $0.79 per share, with an ex-dividend date of July 10, 2026. Annualized, that is about $3.16 per share.
Figures are approximate and tied to the asOf date; verify live numbers before acting. TD trades more on the trajectory of its US remediation and the durability of its Canadian franchise and dividend than on any single quarter's result. A bank's reported earnings can swing with loan-loss provisions and one-time items, so directional trends in net interest income, credit quality, and remediation progress matter more than a headline multiple. TD is Canadian-listed as well as NYSE-listed, so results are reported in Canadian dollars and currency moves affect US-dollar returns.
TD dividend at a glance
| 2026-07-10 | $0.791 |
| 2026-04-09 | $0.78 |
| 2025-07-10 | $0.767 |
| 2025-04-10 | $0.745 |
| 2025-01-10 | $0.724 |
| 2024-10-10 | $0.744 |
TD dividend data as of July 2026, sourced from Yahoo Finance and may be delayed. Yield moves with price and payout; confirm the current dividend and ex-date with TD's investor relations page before relying on it.
Is the TD dividend covered?
The Toronto-Dominion Bank paid out about 50% of its earnings as dividends, so the payout is comfortably covered. That is the range most established dividend payers sit in: enough profit is retained to keep funding the business, with room to raise the dividend if earnings grow.
Coverage is the question worth asking before yield. A dividend is only as good as the earnings behind it, and the highest yields on any screen are often the ones closest to being cut. Walnut is informational and is not an investment adviser.
How the TD dividend has changed
The latest payment of $0.79 per share compares with $0.72 in the equivalent payment a year earlier (January 10, 2025). That is a change of 9.3% over the year.
A single year says little on its own. What dividend-growth investors track is the multi-year record: whether the payout has risen through a downturn, and whether the raises have kept pace with inflation. That record is on TD's investor relations page.
What TD's dividend means for you
- Income: about $262 a year per $10,000 invested, before tax.
- Yield is a ratio, not a payment: it rises when the share price falls. A jump in yield without a raise in the dividend means the stock got cheaper, which may or may not be good news.
- Total return: for TD the dividend is one part of return and price change is usually the larger part. Compare total return, not yield, when weighing it against another holding.
- Reinvest or take the cash: a DRIP compounds the position automatically; taking the cash gives you income now. Either way it is taxable in a taxable account.
- If you want more yield: dedicated dividend names and funds target higher, steadier payouts. See the best dividend stocks and best dividend ETFs.
How TD dividends are taxed
Dividends from US common stock are usually qualified, which means they are taxed at long-term capital-gains rates rather than as ordinary income, as long as you held the shares for more than 60 days in the 121-day window around the ex-dividend date. Distributions from REITs and BDCs generally do not qualify and are taxed as ordinary income. Inside an IRA, Roth, or 401(k) none of this applies while the money stays in the account. Full detail is in how dividends are taxed. This is not tax advice.
The bottom line on the TD dividend
The Toronto-Dominion Bank (TD) pays about 2.62%, or roughly $3.16 per share a year. At that level the dividend is a modest supplement rather than the reason to own it: the case rests on total return. For the full picture see the TD guide. Walnut can show how TD fits your real portfolio. It is not an investment adviser.
Investing in The Toronto-Dominion Bank with AI
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FAQ
Does The Toronto-Dominion Bank (TD) pay a dividend?
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Yes. The Toronto-Dominion Bank pays a dividend yielding roughly 2.62% as of July 2026, paid quarterly, four times a year. The most recent payment on record was $0.79 per share with an ex-dividend date of July 10, 2026. That works out to a forward annual rate of about $3.16 per share. Yields move with the share price, so verify the current figure with your broker or TD's investor relations page before relying on it.
What is TD's dividend yield?
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About 2.62% as of July 2026. On a $10,000 position that is roughly $262 of dividend income a year before tax. For context, the S&P 500 yields around 1.2%, so TD yields meaningfully more than the broad market. A higher yield is not automatically better: it can reflect a falling share price as easily as a generous payout, so it is worth checking why the number is what it is.
How often does TD pay its dividend?
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The Toronto-Dominion Bank pays quarterly, four times a year. The most recent payment on record had an ex-dividend date of July 10, 2026. To receive a given payment you have to own the shares before the ex-dividend date, not on the pay date. Confirm upcoming dates on TD's investor relations page, because boards can change both the amount and the timing.
When is TD's ex-dividend date?
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The ex-dividend date recorded in our July 2026 data pull is July 10, 2026. The ex-dividend date is the cutoff: buy on or after it and the seller keeps that payment, not you. Buying just before the ex-date to capture the dividend does not create free money, because the share price typically drops by roughly the dividend amount when the stock goes ex. Check TD's investor relations page for the next confirmed date.
Has The Toronto-Dominion Bank raised its dividend recently?
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Yes. The latest payment of $0.79 per share is above the $0.72 paid in the same slot a year earlier, an increase of about 9.3%. One raise is not a policy, though: check the multi-year record on TD's investor relations page, since a long streak of increases is what dividend-growth investors actually look for.
Is TD's dividend safe?
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The Toronto-Dominion Bank paid out about 50% of its earnings as dividends, so the payout is comfortably covered. That is the range most established dividend payers sit in: enough profit is retained to keep funding the business, with room to raise the dividend if earnings grow. Nobody can guarantee a dividend: boards cut them, and a high yield is sometimes the market pricing in exactly that. Walnut is not an investment adviser and this is not a recommendation.
How much would I earn in dividends from a $10,000 position in TD?
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At a yield of about 2.62%, roughly $262 a year before tax, spread across 4 payments. That is a snapshot, not a promise: the amount changes when the company changes its payout, and your yield on cost is fixed at the price you paid, not at today's price.
Are TD dividends qualified for tax purposes?
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Dividends from US common stock are usually qualified, meaning they are taxed at the lower long-term capital-gains rates, provided you held the shares for more than 60 days in the 121-day window around the ex-dividend date. Distributions from REITs, BDCs, and some pass-through structures are generally taxed as ordinary income instead. In an IRA or Roth the question does not arise. See our guide to how dividends are taxed. This is not tax advice.
Should I reinvest TD dividends?
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Most brokers offer automatic reinvestment (a DRIP) that puts each TD payment straight back into more shares, often fractional ones. Reinvesting compounds the position and is the standard choice when you do not need the cash yet. Taking the cash makes sense when you are spending the income or want to direct it elsewhere. Either way the dividend is taxable in a taxable account in the year it is paid, even if you never see the money.
Does TD pay a dividend?
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Yes. TD is a long-standing dividend payer and management targets a payout ratio of roughly 40 to 50 percent of adjusted earnings. It has continued to raise its quarterly dividend in recent periods, and income is a meaningful part of the total-return case for many holders. Always check the latest declared dividend and yield, since amounts are set in Canadian dollars and currency affects the US-dollar payout.
Walnut is informational, not investment advice. Dividend figures on this page come from a July 2026 data pull and are approximate; verify the current yield, amount, schedule, and policy with TD's investor relations page or your broker before acting on them.