Laurentian Bank of Canada (TSE:LB) declared a quarterly dividend on Wednesday, August 30th, Zacks reports. Investors of record on Monday, October 2nd will be given a dividend of 0.62 per share on Wednesday, November 1st. This represents a $2.48 dividend on an annualized basis and a dividend yield of 4.40%. The ex-dividend date of this dividend is Friday, September 29th.

Laurentian Bank of Canada (TSE:LB) opened at 56.30 on Thursday. Laurentian Bank of Canada has a 52-week low of $48.06 and a 52-week high of $61.67. The firm has a market cap of $1.92 billion and a price-to-earnings ratio of 12.60. The company has a 50 day moving average price of $54.29 and a 200-day moving average price of $55.95.

Several research firms have recently weighed in on LB. BMO Capital Markets lifted their price objective on Laurentian Bank of Canada from C$56.00 to C$57.00 and gave the stock a “market perform” rating in a research report on Wednesday. Canaccord Genuity lifted their price objective on Laurentian Bank of Canada from C$61.00 to C$63.00 and gave the stock a “buy” rating in a research report on Wednesday. Scotiabank lowered their price objective on Laurentian Bank of Canada from C$64.00 to C$60.00 and set a “sector perform” rating for the company in a research report on Monday, May 29th. Barclays PLC raised Laurentian Bank of Canada from an “underweight” rating to an “equal weight” rating in a research report on Tuesday, May 23rd. Finally, Royal Bank Of Canada reissued a “sector perform” rating and issued a C$57.00 price objective on shares of Laurentian Bank of Canada in a research report on Wednesday, May 31st. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and one has assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of C$58.90.

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Laurentian Bank of Canada Company Profile

Laurentian Bank of Canada is a Canada-based Chartered bank. The Bank and its subsidiaries provide banking services to individuals, and small and medium-sized enterprises, as well as to independent advisors across Canada. It also operates as a full-service brokerage firm. The Bank’s loan portfolio consists of personal loans, residential mortgage loans, commercial mortgage loans and commercial loans, including acceptances and finance lease receivables.

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

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