Laurentian Bank of Canada (TSE:LB) declared a quarterly dividend on Tuesday, December 5th, Zacks reports. Stockholders of record on Tuesday, January 2nd will be given a dividend of 0.63 per share on Thursday, February 1st. This represents a $2.52 dividend on an annualized basis and a dividend yield of 4.50%. The ex-dividend date is Friday, December 29th. This is a boost from Laurentian Bank of Canada’s previous quarterly dividend of $0.62.

Laurentian Bank of Canada (TSE LB) traded down C$4.80 during trading on Wednesday, reaching C$56.00. 907,479 shares of the company’s stock traded hands, compared to its average volume of 128,039. Laurentian Bank of Canada has a 52-week low of C$51.57 and a 52-week high of C$62.90.

Several equities analysts have commented on LB shares. CIBC increased their target price on shares of Laurentian Bank of Canada from C$61.00 to C$66.00 in a research report on Monday, November 13th. National Bank Financial raised their price target on 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, August 30th. Barclays lowered their price target on Laurentian Bank of Canada from C$58.00 to C$57.00 in a research report on Friday, August 11th. Canaccord Genuity raised their price target on Laurentian Bank of Canada from C$61.00 to C$63.00 and gave the company a “buy” rating in a research report on Wednesday, August 30th. Finally, Royal Bank Of Canada lowered their price target on Laurentian Bank of Canada from C$60.00 to C$55.00 and set a “sector perform” rating on the stock in a research report on Wednesday. Six analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of C$60.90.

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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.

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

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