Laurentian Bank Declares Dividend and Offers Reinvestment Plan

Laurentian Bank ( (TSE:LB) ) has shared an announcement.

Laurentian Bank of Canada has announced a dividend of $0.38725 per preferred share Series 13, payable on June 16, 2025, to shareholders of record by June 9, 2025. The dividends are eligible for reinvestment into common shares through the Bank’s Shareholder Dividend Reinvestment and Share Purchase Plan, offering a 2% discount on new shares without brokerage fees, potentially enhancing shareholder value and engagement.

The most recent analyst rating on (TSE:LB) stock is a Hold with a C$28.00 price target. To see the full list of analyst forecasts on Laurentian Bank stock, see the TSE:LB Stock Forecast page.

Spark’s Take on TSE:LB Stock

According to Spark, TipRanks’ AI Analyst, TSE:LB is a Neutral.

Laurentian Bank’s overall score reflects a mix of strengths and challenges. Strong cash flow and strategic growth initiatives offer positives, but high leverage, profitability issues, and a challenging valuation weigh on the outlook. The earnings call added some positive sentiment through strategic partnerships and loan growth, but concerns persist with revenue and efficiency metrics.

To see Spark’s full report on TSE:LB stock, click here.

More about Laurentian Bank

Founded in Montréal in 1846, Laurentian Bank specializes in commercial banking and low-cost banking services aimed at growing savings for middle-class Canadians. The bank operates with approximately 2,800 employees, offering a wide range of financial services across Canada and the United States, managing $48.8 billion in balance sheet assets and $25.9 billion in assets under administration.

Average Trading Volume: 199,016

Technical Sentiment Signal: Buy

Current Market Cap: C$1.21B

For an in-depth examination of LB stock, go to TipRanks’ Stock Analysis page.