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

Laurentian Bank of Canada (TSE:LB) declared a quarterly dividend on Friday, March 7th, TickerTech Dividends reports. Investors of record on Saturday, March 15th will be given a dividend of 0.47 per share on Saturday, March 15th. This represents a $1.88 annualized dividend and a yield of 7.04%. The ex-dividend date of this dividend is Friday, March 7th.

Laurentian Bank of Canada Price Performance

TSE LB traded up C$0.06 on Wednesday, hitting C$26.71. 44,845 shares of the company’s stock were exchanged, compared to its average volume of 193,432. The firm has a market cap of C$1.18 billion, a price-to-earnings ratio of -213.03, a P/E/G ratio of 0.76 and a beta of 1.25. The firm’s 50-day moving average price is C$28.26 and its two-hundred day moving average price is C$27.70. Laurentian Bank of Canada has a fifty-two week low of C$24.45 and a fifty-two week high of C$31.74.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the stock. Raymond James cut their price target on shares of Laurentian Bank of Canada from C$29.00 to C$27.00 in a report on Monday. Scotiabank reduced their price target on shares of Laurentian Bank of Canada from C$33.00 to C$28.00 and set a “sector perform” rating for the company in a research report on Thursday, February 20th. Jefferies Financial Group upped their price target 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. BMO Capital Markets reduced their price objective on Laurentian Bank of Canada from C$31.00 to C$30.00 in a report on Monday. Finally, CIBC boosted their target price on Laurentian Bank of Canada from C$28.00 to C$31.00 in a research report on Tuesday, November 26th. Three investment analysts have rated the stock with a sell rating and five have given a hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of C$28.00.

Laurentian Bank of Canada Company Profile

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.