Current dividend returns rates for Big 5 Tier One's
TD stated in their last earning release that they were going to focus on dividend increases, and from the look of it, TD will need to increase their dividend quite a bit (I think over 2 or 3 quarters), just to come even with BNS and RY (that's assuming that neither BNS or RY increase their dividends at earnings release.
td will not increase their dividend this upcoming quarter. They just increased last quarter. It will be increased the following quarter ( feb 2013 ). Td management also stated that they would be aggressively increasing the dividend twice a year for the foreseeable future.