Laurentian Bank of Canada (LB) Plans Quarterly Dividend of $0.62
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.
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.
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