Thursday, March 3, 2011
TD Dividend Increase
It's nice to come home after a long day at work to hear about a dividend increase. TD Bank has increased its quarterly dividend from $0.61 per share to $0.66 which is an increase of 8.2% .
My yield on TD went from 3.68% to 3.98% and brought my total dividend yield up .02%.
I was sure Royal Bank was going to announce a dividend increase today as well seeing as the share price rose 5.23% but alas no. Perhaps CIBC or Scotia Bank will have a dividend increase for us next month.
Any predictions as to which of the big 5 will be the next to raise their dividend?
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2 comments:
Scotiabank - they recently raised their payout ratio from 35/45% to 40/50%. This to me signals an imminent dividend increase.
I agree fully, Anomymous.
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