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Toronto Dominion Bank's Class A First Preferred Shares, Series R Ex-Dividend Reminder

On 4/6/15, Toronto Dominion Bank's Class A First Preferred Shares, Series R (TSX: TD-PRR.TO ) will trade ex-dividend, for its quarterly dividend of $0.35, payable on 4/30/15. As a percentage of TD.PRR's recent share price of $25.84, this dividend works out to approximately 1.35%, so look for shares of TD.PRR to trade 1.35% lower - all else being equal - when TD.PRR shares open for trading on 4/6/15. On an annualized basis, the current yield is approximately 5.42%.

As of last close, TD.PRR was trading at a 3.36% premium to its liquidation preference amount. Investors should keep in mind that the shares are not cumulative , meaning that in the event of a missed payment, the company does not have to pay the balance of missed dividends to preferred shareholders before resuming a common dividend. The chart below shows the one year performance of TD.PRR shares, versus TD:

Performance Comparison Chart

Below is a dividend history chart for TD.PRR, showing historical dividends prior to the most recent $0.35 on Toronto Dominion Bank's Class A First Preferred Shares, Series R:

TD.PRR+Dividend+History+Chart

In Thursday trading, Toronto Dominion Bank's Class A First Preferred Shares, Series R (TSX: TD-PRR.TO ) is currently trading flat on the day, while the common shares (Symbol: TD) are up about 0.6%.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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