TD Bank Financial Group declares dividends

The Toronto-Dominion Bank (the Bank) today announced that a dividend in an amount of 61 cents (sixty-one cents) per fully paid common share in the capital stock of the Bank has been declared for the quarter ending July 31, 2010, payable on and after July 31, 2010, to shareholders of record at the close of business on July 6, 2010.

In lieu of receiving their dividends in cash, holders of the Bank’s common shares may choose to have their dividends reinvested in additional common shares of the Bank in accordance with the Dividend Reinvestment Plan (the Plan).

Under the Plan, the Bank determines whether the additional common shares are purchased in the open market or issued by the Bank from treasury. At this time, the Bank has decided to continue to issue shares from treasury, at a 1% discount from the Average Market Price (as defined in the Plan) until such time as the Bank elects otherwise.

The Bank also announced that dividends have been declared on the following Non-Cumulative Redeemable Class A First Preferred Shares of the Bank, payable on and after July 31, 2010, to shareholders of record at the close of business on July 8, 2010:

– Series M, in an amount per share of $0.29375;
– Series N, in an amount per share of $0.2875;
– Series O, in an amount per share of $0.303125;
– Series P, in an amount per share of $0.328125;
– Series Q, in an amount per share of $0.35;
– Series R, in an amount per share of $0.35;
– Series S, in an amount per share of $0.3125;
– Series Y, in an amount per share of $0.31875;
– Series AA, in an amount per share of $0.3125;
– Series AC, in an amount per share of $0.35;
– Series AE, in an amount per share of $0.390625;
– Series AG, in an amount per share of $0.390625;
– Series AI, in an amount per share of $0.390625; and
– Series AK, in an amount per share of $0.390625.