Laurentian Bank of Canada (LB) Plans $0.62 Quarterly Dividend
Laurentian Bank of Canada (TSE:LB) declared a quarterly dividend on Wednesday, August 30th, Zacks reports. Shareholders 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 annualized dividend and a yield of 4.40%. The ex-dividend date is Friday, September 29th.
Laurentian Bank of Canada (TSE:LB) opened at 56.30 on Thursday. The company has a market capitalization of $1.92 billion and a price-to-earnings ratio of 12.60. The firm’s 50-day moving average price is $54.29 and its 200 day moving average price is $55.95. Laurentian Bank of Canada has a 12-month low of $48.06 and a 12-month high of $61.67.
Several research firms have recently issued reports on LB. National Bank Financial boosted their price target on shares of Laurentian Bank of Canada from C$58.00 to C$59.00 and gave the company a “sector perform” rating in a research report on Wednesday. Canaccord Genuity boosted their price objective on shares of Laurentian Bank of Canada from C$61.00 to C$63.00 and gave the company a “buy” rating in a research note on Wednesday. BMO Capital Markets boosted their price objective on shares of Laurentian Bank of Canada from C$56.00 to C$57.00 and gave the company a “market perform” rating in a research note on Wednesday. Scotiabank reaffirmed a “sector perform” rating and set a C$60.00 price objective on shares of Laurentian Bank of Canada in a research note on Monday, August 21st. Finally, Barclays PLC reduced their price objective on shares of Laurentian Bank of Canada from C$58.00 to C$57.00 in a research note on Friday, August 11th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and one has given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of C$58.90.
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About Laurentian Bank of Canada
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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