UPDATE: TD Bank Posts 1.6% Rise In Q4 Profit, Lifts Dividend

Toronto-Dominion Bank

reported a 1.6% rise in its fourth-quarter profit and lifted its dividend by 1.2%. TD's quarterly earnings surged to C$1.62 billion ($1.52 billion), or C$1.68 per share, versus a year-ago profit of C$1.60 billion, or C$1.66 per share. Excluding one-time items, it earned C$1.90 per share, versus analysts' estimates of C$1.99 per share. TD shares closed at $89.64 yesterday.