BuybackMar 29, 2026, 10:44 PM
Toronto-Dominion Bank (TD) Receives Regulatory Approval for New $7 Billion Share Buyback Program
AI Summary
Toronto-Dominion Bank (TD) announced that it has received regulatory approval for a new normal course issuer bid to repurchase up to $7 billion of its common shares, not exceeding 61 million shares. This follows the completion of a previous $8 billion share repurchase program, signaling TD's continued confidence in its financial position and commitment to returning capital to shareholders.
Key Highlights
- TD received approval from the Toronto Stock Exchange and the Office of the Superintendent of Financial Institutions Canada for the new buyback program.
- The new bid allows for the repurchase of up to $7 billion of common shares, not to exceed 61 million shares, commencing January 20, 2026.
- TD completed its previous $8 billion share repurchase program, buying back 80,208,644 common shares at an average price of $99.74 per share.
- The maximum number of shares that may be repurchased under the New Bid represents approximately 3.64% of the public float as at January 9, 2026.
Price Impact
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