Laurentian Bank of Canada Announces Quarterly Dividend of $0.47 (TSE:LB)

Laurentian Bank of Canada (TSE:LB) declared a quarterly dividend on Friday, March 7th, TickerTech Dividends reports. Investors of record on Saturday, March 15th will be paid a dividend of 0.47 per share on Saturday, March 15th. This represents a $1.88 dividend on an annualized basis and a yield of 7.04%. The ex-dividend date is Friday, March 7th.

Laurentian Bank of Canada Stock Up 0.3 %

Shares of TSE LB traded up C$0.07 during trading on Wednesday, reaching C$26.72. 25,474 shares of the company traded hands, compared to its average volume of 193,179. The firm has a 50 day simple moving average of C$28.26 and a 200-day simple moving average of C$27.70. Laurentian Bank of Canada has a 52-week low of C$24.45 and a 52-week high of C$31.74. The stock has a market capitalization of C$1.18 billion, a PE ratio of -213.11, a P/E/G ratio of 0.76 and a beta of 1.25.

Analyst Ratings Changes

Several equities analysts recently weighed in on the company. CIBC lifted their target price on Laurentian Bank of Canada from C$28.00 to C$31.00 in a research report on Tuesday, November 26th. Raymond James lowered their price objective on Laurentian Bank of Canada from C$29.00 to C$27.00 in a research report on Monday. BMO Capital Markets decreased their target price on shares of Laurentian Bank of Canada from C$31.00 to C$30.00 in a research note on Monday. Jefferies Financial Group upped their price target on shares of Laurentian Bank of Canada from C$29.00 to C$30.00 and gave the stock a “hold” rating in a research report on Monday, December 9th. Finally, Scotiabank decreased their price objective on shares of Laurentian Bank of Canada from C$33.00 to C$28.00 and set a “sector perform” rating on the stock in a research report on Thursday, February 20th. Three equities research analysts have rated the stock with a sell rating and five have given a hold rating to the stock. According to MarketBeat.com, Laurentian Bank of Canada currently has an average rating of “Hold” and an average target price of C$28.00.

Laurentian Bank of Canada Company Profile

Laurentian Bank of Canada, together with its subsidiaries, provides various financial services to personal, business, and institutional customers in Canada and the United States. It operates through three segments: Personal Banking, Commercial Banking, and Capital Markets. The Personal Banking segment offers financial services, such as financial advisory services to financial intermediaries; and operates digital direct-to-customer platform to retail clients.