Toronto-Dominion Bank: Dividend Insights
Portfolio Pulse from Benzinga Insights
Toronto-Dominion Bank (NYSE:TD) announced a quarterly dividend of $1.02 per share, with Monday being the last day for investors to be eligible for the dividend. The stock will go ex-dividend on Tuesday, likely opening $1.02 lower to reflect the payout. Shareholders owning the stock by the end of Monday are eligible for the dividend, which will be paid on January 31, 2024.
January 04, 2024 | 2:45 pm
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Toronto-Dominion Bank (TD) will pay a $1.02 quarterly dividend with the ex-dividend date set for Tuesday. The stock price is expected to open lower by the dividend amount on that day.
The stock price is expected to adjust on the ex-dividend date to reflect the dividend payout, which is a common occurrence. The short-term impact is typically a decrease in the stock price by approximately the amount of the dividend, as indicated in the article.
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