Laurentian Bank ( (TSE:LB) ) has issued an update.
Laurentian Bank of Canada has announced a regular quarterly dividend of 47 cents per share on its common shares, payable on May 1, 2025. The dividends are eligible for reinvestment under the Bank’s Shareholder Dividend Reinvestment and Share Purchase Plan, allowing shareholders to reinvest dividends in new shares at a 2% discount without brokerage fees. This move underscores Laurentian Bank’s commitment to providing value to its shareholders and enhancing shareholder engagement through flexible investment options.
More about Laurentian Bank
Founded in Montréal in 1846, Laurentian Bank aims to promote prosperity for its customers through specialized commercial banking and affordable banking services, focusing on growing savings for middle-class Canadians. The bank employs approximately 2,800 people and offers a broad range of financial services and advice-based solutions across Canada and the United States, managing $48.8 billion in balance sheet assets and $25.9 billion in assets under administration.
YTD Price Performance: -3.00%
Average Trading Volume: 6,450
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $845.5M
For detailed information about LB stock, go to TipRanks’ Stock Analysis page.