Laurentian Bank of Canada (LB) to Distribute Quarterly Dividend of $0.47 on October 30th

Laurentian Bank of Canada (TSE:LB) announced a quarterly dividend on Thursday, October 1st. Shareholders of record on Friday, October 30th will be paid a dividend of $0.47 per share on Friday, October 30th. This represents a $1.88 dividend on an annualized basis and a yield of 4.6%. The ex-dividend date is Thursday, October 1st.

Laurentian Bank of Canada Stock Up 0.1%

TSE:LB traded up C$0.03 during trading hours on Tuesday, reaching C$40.67. 148,171 shares of the stock were exchanged, compared to its average volume of 184,332. Laurentian Bank of Canada has a twelve month low of C$31.69 and a twelve month high of C$40.78. The business has a 50-day moving average of C$40.43 and a two-hundred day moving average of C$40.33. The company has a market capitalization of C$1.82 billion, a price-to-earnings ratio of -83.00, a PEG ratio of 0.76 and a beta of 1.10.

Laurentian Bank of Canada (TSE:LB) last issued its quarterly earnings data on Friday, August 28th. The company reported C$0.51 earnings per share for the quarter. The business had revenue of C$241.73 million during the quarter. Laurentian Bank of Canada had a negative return on equity of 0.30% and a negative net margin of 0.41%. On average, research analysts forecast that Laurentian Bank of Canada will post 3.8414986 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Separately, Desjardins set a C$40.50 target price on Laurentian Bank of Canada and gave the company a “tender” rating in a research report on Wednesday, August 5th. Two investment analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Laurentian Bank of Canada presently has a consensus rating of “Reduce” and a consensus target price of C$39.17.

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.