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932633 Dividend Discount Model

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Toronto Dominion Bank: TD.TO
Historical Growth
DATE
09-Jan-19
09-Apr-19
09-Jul-19
09-Oct-19
09-Jan-20
09-Apr-20
09-Jul-20
09-Oct-20
09-Jan-21
09-Apr-21
09-Jul-21
09-Oct-21
09-Jan-22
09-Apr-22
07-Jul-22
06-Oct-22
05-Jan-23
05-Apr-23
07-Jul-23
05-Oct-23
Column1
Quarterly
Dividend
0.67
0.74
0.74
0.74
0.74
0.79
0.79
0.79
0.79
0.79
0.79
0.79
0.89
0.89
0.89
0.89
0.96
0.96
0.96
0.96
Column2
Average Growth
Expected Dividend
Share Price
Expected Rate of Return
Column1
Sustainable Growth
Data:
Annual
Dividend
2.89
3.11
7.61
3.16
1.607717042
3.56
12.65822785
3.84
7.865168539
Column3
Result
$
Column2
Annual
Growth
Column4
Documentation
7.44 AG=(AG1+AG2+AG3+AG4)/4
$8.10 D1=D0*(1+GR)
84.61
29-Dec-23
9.57% ER=ED/SP
Column3
Net Income
Book Value of Equity
Dividend per Share
Column4
$
$
$
10,782,000.00
112,107,000.00
1,824,400.00
Earnings per Share
$
5.60
Calculations:
Return on Equity
Plowback Ratio
Growth Rate
Expected Dividend
Share Price
Expected Rate of Return
9.62%
6.774624374
65.16%
1.585493859
84.61
1.87%
Documentation
Source for dividends:
yahoo finance
Formula for annual growth:
AG=[(RD-PD)*100]/PD
Sample growth calculation:
AG=[(3.16-3.11)*100]/3.11
Column5
AG=(7.61+1.607717042+12.65822785+7.865168539)/4
D1=0.96*(1+8.097867223)
Yahoo Finance
ER=8.097867223/84.61
Column5
Column6
09-Feb-24 Yahoo Finance
09-Feb-24 Yahoo Finance
09-Feb-24 Yahoo Finance
09-Feb-24 Yahoo Finance
ROE=NI/ASE
PR=RE/NI
GR=ROE*PR
D1=D0*(1+GR)
ER=ED/SP
ROE= 10782000/112107000
PR=73044000/10782000
GR=9.62%*6.774624374
D1=0.96*(1+0.6516)
29-Dec-23 Yahoo finance
ER=1.585493859/84.61
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