Laurentian Bank of Canada Announces Quarterly Dividend of $0.47 (TSE:LB)

Key Points

• Laurentian Bank of Canada declared a quarterly dividend of C$0.47, payable on November 1st to investors of record on October 1st, representing an annual yield of 6.1%.
• The bank's stock price decreased by 2.9% to C$30.77, with a current market capitalization of C$1.35 billion and a P/E ratio of -245.42.
• For the last quarter, Laurentian Bank reported earnings of C$0.73 per share, slightly above analysts' estimates, but experienced negative returns on equity and net margins.

Laurentian Bank of Canada (TSE:LB - Get Free Report) declared a quarterly dividend on Friday, August 29th, RTT News reports. Investors of record on Wednesday, October 1st will be given a dividend of 0.47 per share on Saturday, November 1st. This represents a c) dividend on an annualized basis and a yield of 6.2%.

Laurentian Bank of Canada Stock Performance

TSE LB traded down C$1.18 on Monday, reaching C$30.50. 1,090,501 shares of the company's stock traded hands, compared to its average volume of 191,162. The firm has a market cap of C$1.35 billion, a price-to-earnings ratio of 10.17, a P/E/G ratio of 0.76 and a beta of 1.65. The stock has a 50 day moving average price of C$30.89 and a 200-day moving average price of C$28.77. Laurentian Bank of Canada has a fifty-two week low of C$24.37 and a fifty-two week high of C$31.74.

Laurentian Bank of Canada (TSE:LB - Get Free Report) last issued its quarterly earnings data on Friday, August 29th. The company reported C$0.73 earnings per share for the quarter, topping analysts' consensus estimates of C$0.72 by C$0.01. Laurentian Bank of Canada had a negative net margin of 0.30% and a negative return on equity of 0.20%. During the same period in the prior year, the company earned $0.88 earnings per share. As a group, equities research analysts anticipate that Laurentian Bank of Canada will post 3.8414986 EPS for the current fiscal year.

Laurentian Bank of Canada Company Profile

Laurentian Bank of Canada provides personal banking, business banking and real estate and commercial financing to its personal, business, and institutional customers across Canada and the United States. The company reports three operating segments: personal, business services, and capital markets. The personal segment offers financial services to retail clients.