tiprankstipranks
Trending News
More News >
Advertisement
Advertisement

Laurentian Bank Declares Dividend on Preferred Shares

Story Highlights
Laurentian Bank Declares Dividend on Preferred Shares

Elevate Your Investing Strategy:

  • Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.

Laurentian Bank ( (TSE:LB) ) just unveiled an announcement.

Laurentian Bank of Canada has declared a dividend on its preferred shares Series 13, payable on September 15, 2025. The dividends are eligible for reinvestment in newly issued common shares at a 2% discount through the Bank’s Shareholder Dividend Reinvestment and Share Purchase Plan. This move not only provides shareholders with an opportunity to reinvest dividends but also strengthens the Bank’s capital base, potentially enhancing its market position and offering stakeholders a cost-effective way to increase their investment.

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 aims to foster prosperity for all customers through specialized commercial banking and low-cost banking services to grow savings for middle-class Canadians. With approximately 2,800 employees, the Bank offers a wide range of financial services and advice-based solutions to customers across Canada and the United States, managing $49.5 billion in balance sheet assets and $24.2 billion in assets under administration.

Average Trading Volume: 176,005

Technical Sentiment Signal: Buy

Current Market Cap: C$1.36B

Find detailed analytics on LB stock on TipRanks’ Stock Analysis page.

Disclaimer & DisclosureReport an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App
1