This growth has been propelled by higher average volume growth and higher fee-based revenue in its Canadian banking sector. Royal Bank also hiked its quarterly dividend by 3% to $0.94 per share, representing a 3.5% dividend yield. Toronto-Dominion Bank ( TSX:TD )( NYSE:TD ) TD Bank stock has decreased 0.35% in 2018 and is up 12.6% year over year. It is the second-largest bank in Canada with $1.26 trillion in assets reported after the first quarter. TD Bank also absorbed a sizable one-time tax charge of $405 million, as it boasts the largest U.S. footprint of any Canadian bank. Canadian and U.S. retail banking both delivered double-digit growth in the first quarter. TD Bank announced a quarterly dividend of $0.67 per share, representing a 3.2% dividend yield.