Laurentian Bank of Canada (LB) to Issue Quarterly Dividend of $0.47 on March 15th

Laurentian Bank of Canada (TSE:LB) announced 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 is Friday, March 7th.

Laurentian Bank of Canada Price Performance

Shares of TSE LB traded up C$0.04 during mid-day trading on Wednesday, reaching C$26.69. 41,129 shares of the company’s stock traded hands, compared to its average volume of 193,330. Laurentian Bank of Canada has a 1-year low of C$24.45 and a 1-year high of C$31.74. The stock has a market cap of C$1.17 billion, a P/E ratio of -212.87, a PEG ratio of 0.76 and a beta of 1.25. The business has a 50-day simple moving average of C$28.26 and a 200 day simple moving average of C$27.70.

Analyst Upgrades and Downgrades

LB has been the subject of a number of research analyst reports. Jefferies Financial Group increased their price target on Laurentian Bank of Canada from C$29.00 to C$30.00 and gave the company a “hold” rating in a research report on Monday, December 9th. Raymond James lowered their target price on Laurentian Bank of Canada from C$29.00 to C$27.00 in a research note on Monday. CIBC boosted their price target on shares of Laurentian Bank of Canada from C$28.00 to C$31.00 in a report on Tuesday, November 26th. BMO Capital Markets lowered their price objective on shares of Laurentian Bank of Canada from C$31.00 to C$30.00 in a research report on Monday. Finally, Scotiabank reduced their target price 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. Three analysts have rated the stock with a sell rating and five have assigned a hold rating to the stock. Based on data from MarketBeat, Laurentian Bank of Canada presently 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.