TD Bank Updates Dividend Rates for Preferred Shares

Toronto Dominion Bank (TSE:TD) has released an update.

Toronto-Dominion Bank has declared updated dividend rates for its Series 1 and Series 2 Class A First Preferred Shares, with fixed and floating rates set at 4.97% and 6.219% respectively. These dividends are contingent on declarations by TD’s Board of Directors and adhere to the Bank Act (Canada). Beneficial owners interested in conversion rights should act before the October 16, 2024, deadline.

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