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.

TRADEMARK VIOLATION WARNING: “Laurentian Bank of Canada (LB) Plans $0.62 Quarterly Dividend” was published by American Banking News and is owned by of American Banking News. If you are viewing this piece of content on another publication, it was copied illegally and republished in violation of United States & international trademark and copyright law. The original version of this piece of content can be read at https://www.americanbankingnews.com/2017/08/31/laurentian-bank-of-canada-lb-plans-0-62-quarterly-dividend.html.

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.

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

Receive News & Ratings for Laurentian Bank of Canada Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Laurentian Bank of Canada and related companies with MarketBeat.com's FREE daily email newsletter.