Relative stock price strength, dividend growth and discretionary insider buying is generally a positive combination. Over the past three months, Toronto-Dominion Bank shares have been outperforming the S&P/TSX composite while its dividend has increased 11.5 per cent since January. On Sept. 27, director John Bragg bought 4,600 shares in the public market at $73.85. Since the board sets distribution policy, that is encouraging. Also last month, a senior officer exercised 91,832 options but has only disposed of 26,000 shares in the market and 14,010 shares by way of gift.
TD is a client of INK Research. Ted Dixon is CEO of INK Research which provides insider news and knowledge to investors. For more background on insider reporting in Canada, visit the FAQ section at www.inkresearch.com . Securities referenced in this profile may have already appeared in recent reports distributed to INK subscribers. INK staff may also hold a position in profiled securities.Report Typo/Error