Dominion Bank on Thursday became the second big bank dividend hike, when the financial crisis after the notification of a better thanexpected first quarter results.
For the three months ended January 31 TD has made a profit of 1.54 billion, or $ 1.69 per share, up from $ 1.3 million or $ 1.44 per share, a year the center of a record performance in retail banking in Canada and the United States.
Excluding items, the bank received a $ 1.74 per share. Analysts polled by Thomson Reuters expected, on average, earned $ 1.55 per share.
TD, the second largest bank, increased its quarterly dividend of 66 cents to three cents a share pm, in the month of April.
The national banking business recorded a net profit of 905 million, up 26 percent on strong growth in mortgage lending and lower provisions for credit losses. The U.S. company had a turnover of 319 million, 85 per cent over the same period last year, rising mortgage costs and growth.
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