15 Global Dividend Stocks to Diversify Your Portfolio

10. The Toronto-Dominion Bank (NYSE:TD)

Number of Hedge Fund Holders: 26

Dividend Yield as of December 27: 3.34%

The Toronto-Dominion Bank (NYSE:TD) is one of the best dividend stocks to invest in.

On December 18, National Bank analyst Gabriel Dechaine upgraded The Toronto-Dominion Bank (NYSE:TD) to Outperform from Sector Perform and set a C$134 price target.

A few days earlier, on December 4, the bank announced a 3% increase in its quarterly dividend to C$1.08 per share. That move came even as earnings in the final quarter of fiscal 2025 were weighed down by restructuring costs and other charges. Management is cutting expenses while continuing work to strengthen its anti-money-laundering controls.

The Toronto-Dominion Bank (NYSE:TD)’s earnings climbed, supported by stronger capital markets activity and solid volume growth in Canadian banking. That kind of rebound tends to stand out, especially in a tougher operating backdrop. Like the rest of Canada’s “Big Six” banks, TD kept a capital position well above regulatory minimums. The bank said it expects adjusted earnings per share to grow between 6% and 8% in fiscal 2026. That outlook holds despite ongoing concerns among households and businesses tied to changes in US trade policy and tariffs that have unsettled global trade.

The dividend increase signaled confidence in the bank’s growth and earnings power, according to Raymond Chun. Chun stepped into the president and CEO role earlier this year, following The Toronto-Dominion Bank (NYSE:TD)’s historic settlement with US authorities over weaknesses in its anti-money-laundering controls. That episode led to sizable penalties and a cap on US asset growth, an overhang the bank is now working through.

The Toronto-Dominion Bank (NYSE:TD) offers a broad mix of products and services, including investing, mortgages, everyday banking, and small business solutions, supported by its online banking platform.