TD Bank Financial Group declares dividends
February 28 2008 - 7:33AM
PR Newswire (US)
TORONTO, Feb. 28 /PRNewswire-FirstCall/ -- The Toronto-Dominion
Bank (the "Bank") today announced that a dividend in an amount of
fifty-nine cents (59 cents) per fully paid common share in the
capital stock of the Bank has been declared for the quarter ending
April 30, 2008, payable on and after April 30, 2008, to
shareholders of record at the close of business on April 3, 2008.
This represents an increase in the quarterly dividend of two cents
or 3.5 per cent compared with last quarter. In lieu of receiving
their dividends in cash, holders of the Bank's common shares may
choose to have their dividends reinvested in additional common
shares of the Bank in accordance with the Dividend Reinvestment
Plan (the "Plan"). Under the Plan, the Bank determines whether the
additional common shares are purchased in the open market or issued
by the Bank from treasury. At this time, the Bank has decided to
continue to issue shares from treasury, with no discount from the
Average Market Price (as defined in the Plan) until such time as
the Bank elects otherwise. Any registered holder of record wishing
to join the Plan can obtain an Enrolment Form from CIBC Mellon
Trust Company (1-800-387-0825) or on the Bank's website,
http://www.td.com/investor/drip.jsp. Beneficial or non-registered
holders of the Bank's common shares must contact their financial
institution or broker to participate. In order to participate in
time for this dividend, Enrolment Forms for registered holders must
be in the hands of CIBC Mellon Trust Company at P.O. Box 7010,
Adelaide Street Postal Station, Toronto, Ontario, M5C 2W9 before
the close of business on April 2, 2008. Beneficial or
non-registered holders must contact their financial institution or
broker for instructions on how to participate in advance of the
above date. The Bank also announced that dividends have been
declared on the following Non-cumulative Redeemable Class A First
Preferred Shares of the Bank, payable on and after April 30, 2008,
to shareholders of record at the close of business on April 8,
2008: - Series M, in an amount per share of $0.29375; - Series N,
in an amount per share of $0.2875; - Series O, in an amount per
share of $0.303125; - Series P, in an amount per share of
$0.328125; and - Series Q, in an amount per share of $0.35. The
Bank for the purposes of the Income Tax Act, Canada and any similar
provincial legislation advises that the dividend declared for the
quarter ending April 30, 2008 and all future dividends will be
eligible dividends unless indicated otherwise. DATASOURCE: TD Bank
Financial Group CONTACT: Annette Galler, Senior Legal Officer,
Corporate, Legal Department - Shareholder Relations, (416)
944-6367, Toll free 1-866-756-8936; Simon Townsend, Senior Manager,
Corporate Communications, Corporate & Public Affairs, (416)
944-7161
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