TD Bank Pushes Up Dividend After Underlying Earnings, Revenue Beat Expectations

Toronto-Dominion Bank joined other big Canadian lenders in boosting its dividend, signaling optimism despite continued economic uncertainty after TD and its rivals each notched better-than-expected results in the latest quarter.

TD, Canada’s second-largest bank by market value, said Thursday it will increase its dividend 2.9% for the coming quarter despite earnings in the final quarter of fiscal 2025 being held back by restructuring and other charges as it looks to slash costs and continues with efforts to rebuild its anti-money-laundering controls. Excluding unusual costs, its earnings jumped thanks to a rise in capital-markets activity and volume growth in Canadian banking.