TD Bank – Dividend stock for your TFSA

Toronto-Dominion Bank (TSX:TD)(NYSE:TD) is Canada’s second-largest bank, but has yielded some of the greatest returns. Over the past five- and 10-year periods, it has been the best performing bank among its peers. This performance should continue as it has a five-year annual average earnings expected growth rate of 7.35%, the highest among the Big Five.

Furthermore, TD has also established itself as a premier dividend growth company. It has a nine-year dividend growth streak and has averaged 10% dividend growth. Once again, this is tops among its peers.

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