Laurentian Bank of Canada (TSE:LB) Declares Quarterly Dividend of $0.40

Laurentian Bank of Canada (TSE:LB) announced a quarterly dividend on Tuesday, June 30th, TickerTech reports. Investors of record on Saturday, August 1st will be paid a dividend of 0.40 per share on Saturday, August 1st. This represents a $1.60 dividend on an annualized basis and a yield of ∞. The ex-dividend date is Tuesday, June 30th.

The company has a market cap of $1.27 billion and a price-to-earnings ratio of 10.57. Laurentian Bank of Canada has a 52-week low of C$26.83 and a 52-week high of C$46.99. The stock’s fifty day moving average price is C$29.91 and its two-hundred day moving average price is C$36.75.

Several research analysts have commented on the company. Canaccord Genuity lifted their target price on Laurentian Bank of Canada from C$23.00 to C$26.50 in a report on Wednesday, May 20th. Credit Suisse Group dropped their price objective on Laurentian Bank of Canada from C$33.00 to C$30.00 in a research note on Friday, May 22nd. National Bank Financial dropped their price objective on Laurentian Bank of Canada to C$22.00 and set an “underperform” rating on the stock in a research note on Sunday, May 17th. TD Securities dropped their price objective on Laurentian Bank of Canada from C$34.00 to C$31.00 and set a “hold” rating on the stock in a research note on Monday, June 1st. Finally, CSFB dropped their price objective on Laurentian Bank of Canada from C$33.00 to C$30.00 in a research note on Friday, May 22nd. Two equities research analysts have rated the stock with a sell rating and four have assigned a hold rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of C$32.65.

Laurentian Bank of Canada Company Profile

Laurentian Bank of Canada, together with its subsidiaries, provides banking services to individuals, small and medium-sized enterprises, and independent advisors in Canada and the United States. It operates through four segments: Retail Services, Business Services, B2B Bank, and Capital Markets. The company offers transactional products and current accounts, term deposits, and investment accounts; personal line of credit, personal loans, student loans, and registered retirement savings plans; financing for agriculture, real estate, and commercial industries, as well as small and medium-sized enterprises; mortgage solutions, such as variable-rate mortgage, fixed-rate mortgage, equity line of credit, mortgage insurance, and retirement line of credit; and credit and business cards, as well as equipment finance solutions.

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Dividend History for Laurentian Bank of Canada (TSE:LB)

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