Laurentian Bank of Canada (TSE:LB) Reaches New 1-Year High – Here’s Why

Laurentian Bank of Canada (TSE:LB)’s stock price reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as C$40.49 and last traded at C$40.49, with a volume of 35545 shares changing hands. The stock had previously closed at C$40.42.

Laurentian Bank of Canada Stock Performance

The stock has a market capitalization of C$1.81 billion, a P/E ratio of 130.55, a P/E/G ratio of 0.76 and a beta of 1.24. The stock has a 50 day moving average of C$40.30 and a 200 day moving average of C$40.07.

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

Laurentian Bank of Canada Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Saturday, August 1st. Investors of record on Saturday, August 1st will be issued a $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a dividend yield of 4.6%. The ex-dividend date of this dividend is Tuesday, June 30th. Laurentian Bank of Canada’s dividend payout ratio (DPR) is 606.45%.

About Laurentian Bank of Canada

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.