Laurentian Bank of Canada (TSE:LB) declared a quarterly dividend on Tuesday, December 5th, Zacks reports. Shareholders 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 annualized dividend and a yield of 4.46%. The ex-dividend date of this dividend is Friday, December 29th. This is a positive change from Laurentian Bank of Canada’s previous quarterly dividend of $0.62.

Laurentian Bank of Canada (LB) opened at C$56.47 on Friday. Laurentian Bank of Canada has a 52-week low of C$51.57 and a 52-week high of C$62.90. The firm has a market cap of $2,200.00, a P/E ratio of 10.48 and a beta of 0.48.

A number of analysts have recently issued reports on LB shares. BMO Capital Markets increased their price objective on shares of Laurentian Bank of Canada from C$56.00 to C$57.00 and gave the stock a “market perform” rating in a research note on Wednesday, August 30th. Canaccord Genuity increased their price objective on shares of Laurentian Bank of Canada from C$61.00 to C$63.00 and gave the stock a “buy” rating in a research note on Wednesday, August 30th. National Bank Financial increased their price objective on shares of Laurentian Bank of Canada from C$58.00 to C$59.00 and gave the stock a “sector perform” rating in a research note on Wednesday, August 30th. CIBC increased their price objective on shares of Laurentian Bank of Canada from C$61.00 to C$66.00 in a research note on Monday, November 13th. Finally, Barclays increased their price objective on shares of Laurentian Bank of Canada from C$57.00 to C$62.00 in a research note on Wednesday, December 6th. Five investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of C$60.30.

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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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