Wednesday, July 29, 2015



Toronto-Dominion Bank (TD)
Purchased 10 shares of TD on 7/28/2015 at $38.88
Total Spent: $388.80
$15.65 added to annual dividends

The Toronto-Dominion Bank provides financial products and services. It was founded on February 1, 1955 and is headquartered in Toronto, Canada. TD is the 2nd largest Canadian bank in terms of market capitalization.  TD Bank Financial Group is the sixth largest bank in North America by branches and serves more than 18 million customers in four key businesses operating in a number of locations in key financial centers around the globe: Canadian Personal and Commercial Banking, including TD Canada Trust and TD Insurance; Wealth Management, including TD Waterhouse and an investment in TD Ameritrade; U.S. Personal and Commercial Banking, including TD Bank, America’s Most Convenient Bank; and Wholesale Banking, including TD Securities. TD Bank Financial Group also ranks among the world's leading online financial services firms, with more than 6 million online customers. TD Bank Financial Group has over $550 billion in assets.

Back on January 14th of this year, our family became shareholders of TD with our initial purchase of 10 shares at $42.00. The stock had eventually recovered from the January lows and, at one point, reached the $46.00 mark for a brief moment in April.  Since April, however, the stock has been on a continuous decline and today set another 52-week low at $38.66. 

We've been keeping a close eye on the stock since it dipped below the $40 mark and today decided to pull the trigger and add another 10 shares of TD to our portfolio. Our buy today was at the purchase price of $38.88 a share.   

With our recent purchase of TD, we added $15.65 in forward dividends to our family's dividend stocks portfolio. This now puts our yearly dividends at approximately $2,691/year (excluding our Edwards Jones account) and $3,049/year (including our Edward Jones account). Today's purchase was our 5th buy of the month. Looks like July will end as another active month for this Frugal Family of 4! :)

Since we had already held TD shares in 
our family's dividend stocks portfolios (WF and EJ Accounts), the portfolio remains unchanged at a total of 44 different dividend paying stocks/ETFs and also 4 companies that either don't pay a dividend our has currently suspended their dividends.

Our family's dividend stocks portfolio may be found
by clicking on the link below:

We also maintain an extensive list of stock analysis
that can be access through the link below:

We also just started a list of Recent Buys by other bloggers
that can be access through the link below:


Toronto-Dominion Bank (TD)
P/E: 12.07
Payout Ratio: 58%
Dividend Yield: 3.95%
Dividend Growth rate (5yr AVG): 10.0% 

4 consecutive years of dividend increases
Last Ex-dividend date: 7/7/2015
Next Ex-dividend date: approx. 10/7/2015
Have paid a dividend since: 1857 (158 years!)
Pays a dividend 4 times a year.
Market Cap: 73.2 Billion
52-week high: $53.49
52-week low: $38.92

Purchased Price: $38.88

What are your thoughts about my recent purchase?

What are you buying?


  1. You sure are picking some excellent companies, AFFJ. TD is an excellent choice - and one of the best managed conservative companies with just enough international exposure to teh US market. They have a strong track record and Im sure they will come out strong on the other side of this recession in Canada.

    Congrats on adding to your portfolio and thanks for sharing

    1. Thanks R2R. Support and validation from fellow bloggers are certainly humbling. TD is a great company that appears to be in a cyclical downturn. Hoping these shares we purchase today will eventually rise as the economy recovers both in Canada and the U.S.

      Best wishes! AFFJ

  2. Great buy. I have been always wanting to buy TD but never find a perfect timing as other Canadian banks such as BNS, CIBC and BMO seem more attractive at the moment.

    1. Thanks BSR. Although we decided to stay with TD since we are current shareholders, we do have our eye on BMS as well. If the opportunity present itself, we certainly wouldn't mind becoming shareholder in BMS as well. :)

      Thanks for stopping by and leaving your feedback. Regards, AFFJ

  3. Great buy! I have been getting some TD twice in the last 2 weeks :)

    1. Thanks. Congrats on adding to your holdings and forward dividends.

      Cheers to future dividend reports! AFFJ

  4. AFFJ,

    What's awesome is you were able to capture it essentially on a 10% decline - which not many of us can say - from your last purchase price. I would have done the same, especially if you are trying to build that position up more. Great purchase, love the dividend.


    1. Thanks Lanny. Glad to be adding more shares in a great long term hold while it's on sale at 10% off. :)

      We've been active these past two months so definitely can't wait to see the dividend report during the next quarter and beyond.

      Thanks for stopping by and commenting. Best wishes! AFFJ

  5. Nice buy AFFJ. Can't go wrong with this bank. Quality for sure. Thanks for sharing and let's keep hustling it up! Every purchase feels wonderful... I love it! Take care my friend.

    1. Thanks for stopping by and the word of encouragement. The support we get from one another on this DGI community is invaluable.

      And yes, each purchase feels wondering knowing we are one step closer to FI. Keep hustling my friend! AFFJ

  6. Great buy. I bought some TD earlier in July and have them along with BNS and RY in my August stock consideration list. Besides finance, I am also looking at some industrial plays such as CAT, EMR and DOV. Thanks for sharing this great buy.

  7. Solid buy. TD is high on my list for another purchase right now. If you are patient, these good buying opportunities do come around. Thanks for sharing!