Laurentian Bank of Canada Plans Quarterly Dividend of $0.47 (TSE:LB)

Laurentian Bank of Canada (TSE:LB) announced a quarterly dividend on Tuesday, April 1st, TickerTech Dividends reports. Shareholders of record on Thursday, May 1st will be given a dividend of 0.47 per share on Thursday, May 1st. This represents a $1.88 annualized dividend and a yield of 7.00%. The ex-dividend date of this dividend is Tuesday, April 1st.

Laurentian Bank of Canada Stock Performance

Shares of TSE:LB opened at C$26.85 on Wednesday. Laurentian Bank of Canada has a 52-week low of C$24.45 and a 52-week high of C$31.74. The firm has a market capitalization of C$1.18 billion, a P/E ratio of -214.15, a P/E/G ratio of 0.76 and a beta of 1.25. The stock has a 50 day moving average price of C$27.47 and a 200-day moving average price of C$27.78.

Analyst Ratings Changes

A number of equities research analysts have weighed in on LB shares. BMO Capital Markets cut their price objective on shares of Laurentian Bank of Canada from C$31.00 to C$30.00 in a report on Monday, March 3rd. National Bankshares upped their target price on shares of Laurentian Bank of Canada from C$25.00 to C$27.00 and gave the stock an “underperform” rating in a research note on Monday, December 9th. Scotiabank cut their target price on Laurentian Bank of Canada from C$33.00 to C$28.00 and set a “sector perform” rating on the stock in a research note on Thursday, February 20th. Jefferies Financial Group lifted their price objective on Laurentian Bank of Canada from C$29.00 to C$30.00 and gave the stock a “hold” rating in a report on Monday, December 9th. Finally, Raymond James lowered their price objective on shares of Laurentian Bank of Canada from C$29.00 to C$27.00 in a research report on Monday, March 3rd. Three investment analysts have rated the stock with a sell rating and five have issued a hold rating to the company’s stock. Based on data from MarketBeat.com, Laurentian Bank of Canada currently has an average rating of “Hold” and a consensus price target of C$28.00.

About Laurentian Bank of Canada

Laurentian Bank of Canada, together with its subsidiaries, provides various financial services to personal, business, and institutional customers in Canada and the United States. It operates through three segments: Personal Banking, Commercial Banking, and Capital Markets. The Personal Banking segment offers financial services, such as financial advisory services to financial intermediaries; and operates digital direct-to-customer platform to retail clients.