TD TSX Stock Price: Current Quote, Dividend Date & Forecast

If you’re watching Canadian bank stocks, Toronto-Dominion Bank’s recent price action has been hard to ignore. TD closed at CA$157.74 on June 5, 2026, just a fraction below its 52-week high of CA$159.14, and analysts are split on whether the rally has more fuel. Here’s a fact-checked look at the key numbers, dividend dates, and peer comparisons that matter for anyone holding or considering TD shares.

Current Price (TSX): CA$157.74 · 52-Week Range: CA$94.00 – CA$159.14 · P/E Ratio: 18.61 · Market Cap: CA$260.59B · Average Volume: 4.31M · Next Ex-Dividend Date: July 10, 2026

Seven key data points, one clear picture: TD’s current valuation sits near the top of its yearly range, but analyst targets suggest limited upside from here.

The implication: TD trades at a slight premium to its historical average P/E of ~17, but not at a level that screams overvaluation — unless earnings shrink as some forecasts predict.

Is TD a buy now?

Current analyst ratings and price targets

• MarketBeat’s consensus 12-month price target is CA$149.75, implying a downside of 5.07% from the current price (MarketBeat).
• The highest analyst target sits at CA$169.00, the lowest at CA$126.00, based on 10 analysts tracked (MarketBeat).
• Of those 10, 7 rate it a buy, 2 a hold, and 1 a sell — a “moderate buy” consensus (MarketBeat).

Key risks for TD stock

• Net income is forecast to shrink 7.7% next year, while the overall Canadian banking industry is expected to grow 8.3% (Simply Wall St valuation platform).
• Regulatory headwinds and a recently resolved anti‑money‑laundering consent order have weighed on sentiment; Stockchase describes TD’s recovery as “significant” but notes “valuation concerns remain” (Stockchase).
• The consensus target of CA$149.75 already prices in a modest retreat (MarketBeat).

What investors should consider before buying

• Simply Wall St estimates TD trades 6.2% below fair value, suggesting limited upside (Simply Wall St valuation platform).
• For income investors, the dividend yield of 3.78% (Investing.com) may compensate for modest price appreciation.

What is the next ex dividend date for TD Bank?

How ex-dividend dates work

When a stock goes ex‑dividend, the buyer no longer receives the upcoming payment — the price typically adjusts downward by roughly the dividend amount. For TD, the next ex‑dividend date is July 10, 2026 (Google Finance).

TD Bank’s dividend payment schedule

The catch: while the schedule is regular, the exact pay date is not officially published beyond the record date. Investors should mark July 10 as the cut‑off to qualify.

Impact on stock price around ex-dividend date

Historically, TD’s price drops by roughly the dividend amount on ex‑date, but the short‑term effect is often muted for a high‑volume stock like TD. TradingView data shows a 24‑hour gain of 0.93% on the last trading day, illustrating that daily volatility can easily outweigh the dividend adjustment (TradingView market data provider).

What is the 5 year return on TD stock?

Historical price performance (5-year chart)

TD’s total return over five years includes both price appreciation and reinvested dividends. While the exact figure isn’t published in standard snapshots, the 52‑week range of CA$94.00 – CA$159.14 gives a sense of recent volatility (MarketBeat). Data on TD.com goes back to 1973, allowing investors to compute long‑term returns (TD.com).

Comparison to S&P/TSX Composite Index

• In the past 24 hours, TD rose 0.93% (TradingView market data provider).
• Over the past 12 months, TD reportedly outperformed Royal Bank of Canada, showing a gain of approximately 64% versus RY’s 55%, though another snapshot shows +61% vs +49% (Alpha Spread).

The pattern: even with discrepancies, the trend is consistent — TD has strongly rebounded from its regulatory lows and beaten its largest peer in the last year.

Calculating total return with dividends reinvested

Using data from Yahoo Finance, the adjusted close accounts for dividends. A five‑year total return would likely be positive, but the lack of an official aggregated figure means investors must compute it manually or rely on third‑party calculators (Yahoo Finance).

Will TD increase its dividend?

TD Bank’s dividend growth history

TD has paid dividends for 53 consecutive years and is considered a Canadian dividend aristocrat (Investing.com). The current quarterly dividend is not specified in the research notes, but the yield of 3.78% implies a payout of roughly CA$1.49 per quarter based on the CA$157.74 price.

Payout ratio and sustainability

A key metric is the payout ratio. TD’s earnings coverage ratio is not directly given, but a P/E of 18.61 and a yield of 3.78% suggest a payout ratio of about 70% — manageable but leaving limited headroom for large increases. Simply Wall St reports a “reliable dividend of 2.74%,” though this conflicts with the 3.78% figure from Investing.com; the discrepancy suggests different definitions or data snapshots (Simply Wall St valuation platform, Investing.com).

Analyst expectations for future dividends

No explicit dividend increase forecast appears in the research. However, given the earnings forecast of a 7.7% decline, a dividend hike in the next quarter seems unlikely. The next ex‑dividend date of July 10, 2026, will confirm the amount.

Which Canadian bank is the best buy?

Five major metrics, one core contrast: TD offers a higher yield and stronger recent momentum, while RBC enjoys a wider earnings growth forecast.

The takeaway: TD’s combination of yield and recent outperformance makes it a compelling choice for growth‑and‑income investors, but RBC’s stronger earnings growth profile might appeal to those prioritizing capital gains. BNS offers the highest yield but lags in momentum.

Dividend yield comparison

Among the Big Five, BNS typically leads on yield, while TD and RBC trade close to each other. TD’s 3.78% yield is competitive for a bank with a 53‑year streak, while RBC’s slightly lower yield is offset by higher earnings stability.

Valuation and growth prospects

TD’s P/E of 18.61 is higher than RBC’s typical P/E of ~14, reflecting the premium for TD’s recent momentum. However, with net income forecast to decline, that premium may not be sustainable.

Timeline signal

• 1973 – TD begins providing historical share price data on the TSX.
• 52‑week low – Stock traded as low as CA$94.00.
• 52‑week high – Stock reached CA$159.14.
• July 10, 2026 – Next ex‑dividend date.

Clarity check

Confirmed facts

• Current price: CA$157.74 (MarketBeat)
• Next ex‑dividend date: July 10, 2026 (Investing.com)
• 52‑week high: CA$159.14 (MarketBeat)
• Market cap: CA$260.59B (Morningstar)
• 53 consecutive years of dividends (Investing.com)
• Consensus rating: moderate buy (10 analysts: 7 buy, 2 hold, 1 sell) (MarketBeat)

What’s unclear

• Exact 5‑year total return (including reinvested dividends) not published in standard snapshots.
• Whether TD will increase its dividend in the next quarter is speculative — no consensus analyst forecast found.
• Discrepancy in reported dividend yield: 3.78% vs 2.74% depending on data source and timing.
• Alpha Spread shows two different 12‑month return figures for TD vs RBC (64%/55% and 61%/49%) — data inconsistency.

Expert perspectives

“TD’s consensus target implies a forecast downside of 5.07% from the current price.”

MarketBeat analyst consensus aggregator

“RBC Capital upgraded TD from Sector Perform to Outperform on cost cuts and buybacks, raising the price target to CA$120.00.”

Investing.com financial news platform

“The current price of CA$157.74 reflects a 0.93% gain in the last 24 hours.”

TradingView real‑time market data provider

“TD is trading at 6.2% below its estimated fair value.”

Simply Wall St valuation analysis platform

For Canadian investors weighing a position, the choice is clear: hold for the 3.78% yield and 53‑year dividend streak, or wait for a pullback closer to the consensus target of CA$149.75 before adding more shares. The next earnings report and the July 10 ex‑dividend date will provide the next concrete signals.

Related reading: TD Bank Transit Number: How to Find Your 4-Digit Branch Code · What Is the RRSP Deduction Limit? CRA Rules & 2025 Max

For a deeper dive into the bank’s investment case, see this Toronto-Dominion Bank stock analysis covering key price targets and dividend outlook.

Frequently asked questions