TD Bank Financial Group (TD) raised its quarterly dividend from $0.59 to $0.61. This represents a raise of 3.4%. TD has been raising dividends twice per year since at least 1999.
Here is a glance at TD's recent dividends paid per year:
2004: $1.40
2005: $1.64
2006: $1.84
2007: $2.20
2008: $2.40 EST
*dividend schedule was changed in late 2006 causing an overlap effect after this point
This represents a compound annual growth rate (CAGR) of dividends of 14.4%.
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