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Toronto-Dominion Bank (TD ) reported its first quarter results before the opening bell on Thursday morning, posting slightly higher earnings than last year’s Q1.
TD CEO Bharat Masrani had the following comments: “We are pleased with our start to 2015, with adjusted earnings of $2.1 billion , up 5% from the same quarter last year. Our results reflect strong retail earnings on both sides of the border and strong fundamentals.”
TD Bank raised its quarterly dividend to C51 cents per share from its previous payout for C47 cents per share. The dividend is payable on and after April 30, 2015, to shareholders of record at the close of business on April 7, 2015.
TD stock was up 73 cents, or 1.68%, in pre-market trading. YTD, the stock is down 9.08%.