TORONTO, March 1, 2012 /PRNewswire/ - The Toronto-Dominion Bank (the Bank) today announced that a dividend in an amount of seventy-two cents (72 cents) per fully paid common share in the capital stock of the Bank has been declared for the quarter ending April 30, 2012, payable on and after April 30, 2012, to shareholders of record at the close of business on April 4, 2012. This represents an increase in the quarterly dividend of 4 cents or 5.9 per cent compared with last quarter.
Despite a lower quarter profit then in 2011, TD managed to pop out a dividend increase. An almost 6% dividend increase still beats inflationary increases which average from 2-4% so it still looks good to me. Even with the new dividend increase, TD's dividend payout ratio is only 45% which looks very strong for future dividend increases. Let's take a look at TD's dividend history since 2000: