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Laurentian Bank ( (TSE:LB) ) has provided an update.
Laurentian Bank of Canada has announced a dividend of $0.38725 on its Series 13 preferred shares, payable on March 17, 2025. These dividends are eligible for reinvestment into common shares under the Bank’s Shareholder Dividend Reinvestment and Share Purchase Plan, offering shareholders the opportunity to purchase additional shares at a 2% discount without brokerage fees, potentially enhancing shareholder value and engagement.
More about Laurentian Bank
Founded in Montréal in 1846, Laurentian Bank specializes in providing commercial banking and cost-effective banking services aimed at fostering prosperity for middle-class Canadians. With around 2,800 employees, the bank offers a broad spectrum of financial services across Canada and the United States, managing $47.4 billion in balance sheet assets and $24.7 billion in assets under administration.
YTD Price Performance: -5.44%
Average Trading Volume: 5,921
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $838.5M
Learn more about LB stock on TipRanks’ Stock Analysis page.
