Laurentian Bank of Canada (TSE:LB) Sets New 1-Year High Following Dividend Announcement

Laurentian Bank of Canada (TSE:LB)’s share price reached a new 52-week high on Tuesday following a dividend announcement from the company. The stock traded as high as C$40.78 and last traded at C$40.56, with a volume of 388471 shares trading hands. The stock had previously closed at C$40.57.

The newly announced dividend which will be paid on Saturday, August 1st. Shareholders of record on Saturday, August 1st will be given a dividend of $0.47 per share. The ex-dividend date is Tuesday, June 30th. This represents a $1.88 dividend on an annualized basis and a yield of 4.6%. Laurentian Bank of Canada’s dividend payout ratio is currently 606.45%.

Laurentian Bank of Canada Stock Down 0.0%

The company has a market capitalization of C$1.82 billion, a price-to-earnings ratio of 130.84, a PEG ratio of 0.76 and a beta of 1.24. The stock’s 50-day simple moving average is C$40.34 and its two-hundred day simple moving average is C$40.19.

Laurentian Bank of Canada (TSE:LB) last announced its earnings results on Friday, May 29th. The company reported C$0.46 earnings per share (EPS) for the quarter. The business had revenue of C$236.16 million for the quarter. Laurentian Bank of Canada had a net margin of 1.36% and a return on equity of 1.01%. On average, sell-side analysts forecast that Laurentian Bank of Canada will post 3.8414986 EPS for the current year.

Laurentian Bank of Canada Company Profile

Founded in Montreal in 1846, Laurentian Bank is committed to serving its customers and fostering deep relationships with specialized groups. Laurentian Bank runs operations across Canada – primarily in Québec and Ontario – as well as in the United States and competes where it sees market opportunity and has an edge, while harnessing the power of partnerships and collaboration.