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

Laurentian Bank of Canada (TSE:LB - Get Free Report) announced a quarterly dividend on Friday, March 7th, TickerTech Dividends reports. Shareholders of record on Saturday, March 15th will be paid a dividend of 0.47 per share on Saturday, March 15th. This represents a $1.88 annualized dividend and a dividend yield of 6.98%. The ex-dividend date is Friday, March 7th.

Laurentian Bank of Canada Price Performance

Shares of TSE LB traded up C$0.20 on Friday, hitting C$26.92. The company's stock had a trading volume of 112,634 shares, compared to its average volume of 192,642. The company has a market capitalization of C$1.18 billion, a price-to-earnings ratio of -214.71, a price-to-earnings-growth ratio of 0.76 and a beta of 1.25. The stock has a 50 day moving average of C$28.09 and a 200-day moving average of C$27.74. Laurentian Bank of Canada has a 12-month low of C$24.45 and a 12-month high of C$31.74.

Analyst Ratings Changes

Several brokerages recently issued reports on LB. BMO Capital Markets reduced their price objective on shares of Laurentian Bank of Canada from C$31.00 to C$30.00 in a research note on Monday, March 3rd. National Bankshares upped their price objective on shares of Laurentian Bank of Canada from C$25.00 to C$27.00 and gave the company an "underperform" rating in a research note on Monday, December 9th. CIBC upped their price objective on shares of Laurentian Bank of Canada from C$28.00 to C$31.00 in a research note on Tuesday, November 26th. Jefferies Financial Group upped their price objective on shares of Laurentian Bank of Canada from C$29.00 to C$30.00 and gave the company a "hold" rating in a research note on Monday, December 9th. Finally, Raymond James reduced their price objective on shares of Laurentian Bank of Canada from C$29.00 to C$27.00 in a research note on Monday, March 3rd. Three investment analysts have rated the stock with a sell rating and five have assigned a hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of C$28.00.

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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.