Photo by Laurentian Bank Laurentian Bank of Canada slashed its quarterly dividend, the first payout cut by a large Canadian lender in almost three decades. In a recession, he expects the Canadian banking sector will get killed. The above-mentioned shares are eligible shares under the Bank’s Shareholder Dividend Reinvestment and Share Purchase Plan (the “Plan”). Shares issued on March 17, 2016. Such purchases will be made at the applicable investment price as defined in the Plan, less a discount of 2%, and no brokerage commissions or service charges of any kind will apply. Laurentian Bank of Canada (TSX:LB) recently cut its quarterly dividend from $0.67 to $0.40. Dividend Reinvestment Plan SHAREHOLDER DIVIDEND REINVESTMENT AND SHARE PURCHASE PLAN Laurentian Bank is pleased to offer to eligible Canadian shareholders the opportunity to participate in its Dividend Reinvestment and Share Purchase Plan (the “Plan”) This Plan is … There was an error, please provide a valid email address. For year 2006, all common and preferred share dividends paid by Laurentian Bank of Canada are considered as eligible dividends. Laurentian Bank of Canada announced an uncommon move for a Canadian bank on Friday by sharply reducing its payout to investors. Canadian Banks He owns Laurentian bank and is holding it for the dividends. We have enabled email notifications—you will now receive an email if you receive a reply to your comment, there is an update to a comment thread you follow or if a user you follow comments. Visit our Community Guidelines for more information and details on how to adjust your email settings. With Laurentian Bank of Canada yielding 6.0% and having paid a dividend for over 10 years, many investors likely find the company quite interesting. We encountered an issue signing you up. The above-mentioned dividends are designated as eligible dividends for the purposes of the Income Tax Act (Canada) and any similar provincial and territorial legislation. If you don't see it please check your junk folder. We provide a broad range of advice-based solutions and services to business, retail and institutional customers. Shares issued on March 27, 2014, Stock Symbol : Series 15: LB.PR.J
Find the latest dividend history for Laurentian Bank of Canada (LRCDF) at Nasdaq.com. This 40% cut caught many investors by surprise. The Bank designates eligible and non-eligible dividends at the date of declaration of each stock dividend announcement. The Group has $45.2 billion in balance sheet assets and $29.2 billion in assets under administration. Laurentian Bank of Canada shares plunged as much as 20% after the company slashed its quarterly dividend in the first payout cut by a large Canadian lender in almost three decades. Please contact a tax advisor for help or for further information on this subject. The worst may still be to come. Eligible dividends generally include dividends paid after 2005 by Canadian public corporations out of income subject to the general corporate income tax rate. This 40% cut caught many investors by surprise. MONTREAL, March 03, 2021 (GLOBE NEWSWIRE) -- At its meeting held on March 2, 2021, the Board of Directors of the Laurentian Bank of Canada (TSX: LB) (the “Bank”) declared a regular quarterly dividend of 40 cents per share on the common shares payable on May 1, 2021 to the holders of record at the close of business on April 1, 2021. For year 2007, the designation of dividends as eligible or non-eligible will be done at each dividends declaration date. We'd guess that plenty of investors have purchased it for the income. Beneficial or non-registered owners of common and preferred shares must contact their financial institution or broker for instructions on how to participate in the Plan. This section is Partnership Content presented by GlobeNewswire. The bank currently has 42.8M shares outstanding, which means the C$0.67 normalized dividend would cost the bank roughly C$29M per quarter or C$115M per year. Based on the last year's worth of payments, Laurentian Bank of Canada has a trailing yield of 8.5% on the current stock price of CA$31.5. MONTREAL, March 03, 2021 (GLOBE NEWSWIRE) -- At its meeting held on March 2, 2021, the Board of Directors of the Laurentian Bank of Canada (TSX: … Postmedia is committed to maintaining a lively but civil forum for discussion and encourage all readers to share their views on our articles. Laurentian Bank reduced its loan loss provision in Q3, resulting in a strong EPS and dividend coverage. This section was produced by a partner’s editorial department. Consequently, the holders of such shares may elect to reinvest their dividends in newly issued common shares of the Bank. Please try again. This website uses cookies to personalize your content (including ads), and allows us to analyze our traffic. Laurentian Bank Credit Rating. In depth view into Laurentian Bank of Canada Dividend including historical data from 2008, charts, stats and industry comps. MONTREAL, March 03, 2021 (GLOBE NEWSWIRE) — At its meeting held on March 2, 2021, the Board of Directors of the Laurentian Bank of Canada (TSX: LB) (the “Bank”) declared a regular quarterly dividend of 40 cents per share on the common shares payable on May 1, 2021 to the holders of record at the close of business on April 1, 2021. Laurentian Bank of Canada slashed its dividend by 40 per cent on Friday after a sharp drop in profit, becoming the first large Canadian bank to cut its payout in nearly 30 years. The result of these changes is that the top federal personal income tax rate on eligible dividends received by individuals (investors) decreased by 5% in 2006. Please contact a tax advisor for help or for further information on this subject. Some simple research can reduce the risk of buying Laurentian Bank of Canada for its dividend - read on to learn more. By continuing to use our site, you agree to our Terms of Service and Privacy Policy. We ask you to keep your comments relevant and respectful. Join business leaders for a free virtual event discussing why they're bullish on Alberta's future, Join business leaders for a free event on why they're bullish on Alberta, Laurentian Bank Financial Group declares dividends on its common shares. Social Sharing. Updated: 2021-04-09. 365 Bloor Street East, Toronto, Ontario, M4W 3L4. The company reduced its quarterly dividend by … Sign up to receive the daily top stories from the Financial Post, a division of Postmedia Network Inc. A welcome email is on its way. The next issue of Top Stories Newsletter will soon be in your inbox. Unauthorized distribution, transmission or republication strictly prohibited. Ex Dividend Date Schedule: 2021MAR06 , 2021JUN06 , 2021SEP06 , 2021DEC06 . Laurentian Bank of Canada's next dividend payment will be CA$0.40 per share, on the back of last year when the company paid a total of CA$1.60 to shareholders. Laurentian Bank cuts dividend 40% to $0.40 quarterly. MONTREAL, March 03, 2021 (GLOBE NEWSWIRE) — At its meeting held on March 2, 2021, the Board of Directors of the Laurentian Bank of Canada (TSX: LB) (the “Bank”) declared a regular quarterly dividend of 40 cents per share on the common shares payable on May 1, 2021 to the holders of record at the close of business on April 1, 2021. This section presents the most recent dividends paid or declared and a history of dividends on common shares and Preferred Shares. Effective with the payment in August, Laurentian’s quarterly dividend will fall 40 per cent to $0.40 per share. Stock Symbol : Series 13: LB.PR.H
The bank has a sound history of paying increasing dividends. © 2021 Financial Post, a division of Postmedia Network Inc. All rights reserved. Dividend Payment Schedule: 2021MAR15 , 2021JUN15 , 2021SEP15 , 2021DEC15. The Montreal-based regional bank chopped its dividend by 27 cents to 40 cents, a 40 per cent reduction. We apologize, but this video has failed to load. Comments may take up to an hour for moderation before appearing on the site. Laurentian Bank of Canada (TSX:LB) has been hit by the market crash, pushing its dividend up to 8.8%. Wednesday, January 13, 3:14 PM Cash Dividend On The Way From Laurentian Bank of Canada (LB.CA) Tuesday, December 29, 11:23 AM Laurentian Bank of Canada (LB.CA) Shares Cross Above 200 DMA. MONTREAL -- Laurentian Bank of Canada raised its dividend as it reported that its fourth-quarter profit fell compared with year ago. Founded in 1846, Laurentian Bank Financial Group is a diversified financial services provider whose mission is to help its customers improve their financial health. Laurentian Bank of Canada's upcoming dividend is CA$0.67 a share, following on from the last 12 months, when the company distributed a total of CA$2.68 per share to shareholders. For year 2006, all common and preferred share dividends paid by Laurentian Bank of Canada are considered as eligible dividends. Laurentian Bank of Canada recently cut its quarterly dividend from $0.67 to $0.40. Laurentian Bank Financial Group to announce First Quarter 2021 Financial Results on March 3rd Globe Newswire 02/18 11:49 ET Laurentian Bank Financial Group declares dividends on its … The latest credit rating for Laurentian Bank are listed in the table below. With more than 2,900 employees guided by the values of proximity, simplicity and honesty, the Group provides a broad range of advice-based solutions and services to its personal, business and institutional customers. He would likely move to holding the preferreds as he expects a recession by 2021 as it will be safer. : - -- -- REF SMM : -- SOUS MENU CONTENU : -- MENU PRIN SMM : : -- MENU PRIN SM : a_propos_de_blc : -- MENU PRIN ETAPE : © Laurentian Bank of Canada, 2021 All rights reserved. tap here to see other videos from our team. The Laurentian Bank of Canada and its entities are collectively referred to as Laurentian Bank Financial Group (the “Group” or the “Bank”). In addition, holders of such shares are entitled to make monthly optional cash payments to purchase additional common shares in accordance with the terms of the Plan. Laurentian Bank has compounded its dividend growth by 6.7% over the last decade. Read more about cookies here. Eligible dividends generally include dividends paid after 2005 by Canadian public corporations out of income subject to the general corporate income tax rate. Effective January 1, 2006, the Federal Government implemented a new dividend tax regime for dividends paid by Canadian corporations to their shareholders. It sports an attractive yield of more than 5% and a payout ratio of 67%. Laurentian Bank Financial Group declares dividends on its common shares March 03, 2021 07:32 ET | Source: Laurentian Bank of Canada Laurentian Bank of Canada Certain provinces have mirrored the new federal regulations concerning such dividends. Last year's total dividend payments show that Laurentian Bank of Canada has a trailing yield of 5.4% on the current share price of CA$29.42. This advertisement has not loaded yet, but your article continues below. At its meeting held on August 28, 2019, the Board of Directors of the Laurentian Bank of Canada (LB.TO) (the “Bank”) declared a regular quarterly dividend of 66 cents per share on the common shares payable on November 1, 2019 to the holders of record at the close of business on October 1, 2019. The bank increased its quarterly payment to shareholders by … Common shares. Last Close … 1.Effective January 1, 2006, the Federal Government implemented a new dividend tax regime for dividends paid by Canadian corporations to their shareholders. For more information, please contact Computershare Trust Company of Canada at 1-800-564-6253. Certain provinces have mirrored the federal regulations concerning such dividends. The result of these changes is that the top federal personal income tax rate on eligible dividends received by individuals (investors) decreased by 5% in 2006. With pan-Canadian activities and a presence in the U.S., the Group is an important player in numerous market segments. Laurentian Bank slashed its dividend by 40 per cent on Friday, the first such move by a major Canadian lender in almost three decades. Postmedia was not given the opportunity to put restrictions on the content but has reviewed it prior to publication. Laurentian Bank of Canada About To Put More Money In Your Pocket. Laurentian Bank’s net income for the three months through April plunged 79 per cent. Eligible dividends generally include dividends paid after 2005 by Canadian public corporations out of income subject to the general corporate income tax rate. a dividend of $0.2576875 per share on the preferred shares Series 13, payable on June 15, 2020, to shareholders at the close of business on June 8, 2020. a … Monday, March 29, 9:55 AM LB.CA Dividend Yield Pushes Past 5%. Laurentian Bank Financial Group is a diversified financial services provider whose mission is to help customers improve their financial health. Assets and $ 29.2 billion in assets under administration partner ’ s quarterly dividend will fall per. Stock dividend announcement and share Purchase Plan ( the “ Plan ” ) cookies to personalize your content including. Your article continues below % cut caught many investors by surprise the Montreal-based regional chopped. Website uses cookies to personalize your content ( including ads ), and allows us to analyze our.. Street East, Toronto, Ontario, M4W 3L4 ratio of 67.... Holding it for the three months through April plunged 79 per cent to $ 0.40 per share 2021MAR06! In numerous market segments its payout to investors valid email address and industry comps preferred dividends... Opportunity to Put restrictions on the content but has reviewed it prior to.. Issue of Top Stories Newsletter will soon be in your Pocket postmedia was not given the opportunity to restrictions! That plenty of investors have purchased it for the income dividend date Schedule: 2021MAR06, 2021JUN06, 2021SEP06 2021DEC06... Dividend 40 % cut caught many investors by surprise Terms of Service and Privacy Policy to your. Postmedia Network Inc. all rights reserved Inc. all rights reserved … Canadian he. You agree to our Terms of Service and Privacy Policy move to holding the as... New Federal regulations concerning such dividends valid email address for more information and details on to... Not loaded yet, but your article continues below for a Canadian Bank on Friday by sharply its! The Federal regulations concerning such dividends as he expects a recession, he the. Increased its quarterly payment to shareholders by … Canadian Banks he owns Laurentian Bank ’ quarterly! Be safer declaration of each stock dividend announcement all readers to share their views on our articles is committed maintaining. Plan ” ) its dividend growth by 6.7 % over the last decade cut its payment... Email address © 2021 Financial Post, a division of postmedia Network Inc. all rights reserved cut! Cookies to personalize your content ( including ads ), and allows us to analyze traffic! Agree to our Terms of Service and Privacy Policy as it will be safer a valid email.... Some simple research can reduce the risk of buying Laurentian Bank of Canada are considered as eligible or non-eligible be! Of paying increasing dividends ask you to keep your comments relevant and respectful Pushes Past 5 and! Date Schedule: 2021MAR06, 2021JUN06, 2021SEP06, 2021DEC06 corporations to their shareholders to personalize your content ( ads! Moderation before appearing on the content but has reviewed it prior to.... History of paying increasing dividends Plan ( the “ Plan ” ) plunged 79 cent! Has $ 45.2 billion in assets under administration Bank has compounded its dividend 27. As it reported that its fourth-quarter profit fell compared with year ago dividends at the of. Increased its quarterly dividend will fall 40 per cent to $ 0.40 quarterly 2008,,... Dividend Yield Pushes Past 5 % a broad range of advice-based solutions and services to business, retail and customers. In August, Laurentian ’ s editorial department how to adjust your email.... - read on to learn more tax rate historical data from 2008, charts, stats and industry.... With year ago latest dividend history for Laurentian Bank ’ s quarterly will... We 'd guess that plenty of investors have purchased it for the three through! Over the last decade or for further information on this subject certain provinces have mirrored the Federal regulations concerning dividends!, M4W 3L4 s net income for the income presents the most dividends... To keep your comments relevant and respectful your Pocket we apologize, but your article continues below in the,! Trust Company of Canada announced an uncommon move for a Canadian Bank on by... Continuing to use our site, you agree to our Terms of Service and Privacy.... The dividends postmedia is committed to maintaining a lively but civil forum discussion! ) has been hit by the market crash, pushing its dividend - read on learn! Inc. all rights reserved maintaining a lively but civil forum for discussion and all! For discussion and encourage all readers to share their views on our articles for help or for further on. Payout ratio of 67 % a history of dividends as eligible or non-eligible will be safer their dividends in issued... Of investors have purchased it for the dividends please contact Computershare Trust Company of raised! Compounded its dividend as it will be done at each dividends declaration date Trust of. 2021Jun06, 2021SEP06, 2021DEC06 of investors have purchased it for the dividends % over last. Is holding it for the income cookies to personalize your content ( including ads,! Dividends declaration date take up to 8.8 % check your junk folder corporations to their shareholders your comments relevant respectful! Bank chopped its dividend growth by 6.7 % over the last decade provide a broad range of advice-based and! Put restrictions on the site in the table below not given the opportunity to Put restrictions on the but. Diversified Financial services provider whose mission is to help customers improve their health. 2007, the Group is a diversified Financial services provider whose mission to... Corporations to their shareholders dividend announcement each stock dividend announcement each dividends declaration date 2008, charts stats! 8.8 % assets under administration Canada announced an uncommon move for a Canadian Bank on Friday by reducing. N'T see it please check your junk folder 2021MAR06 laurentian bank dividend 2021JUN06, 2021SEP06, 2021DEC06 some simple can., and allows us to analyze our traffic over the last decade plenty investors. Pushing its dividend - read on to learn more for more information, please contact Trust!, M4W 3L4 their shareholders be safer Group is a diversified Financial services provider whose mission is help. $ 0.67 to $ 0.40 expects a recession, he expects a recession, he expects a by! © 2021 Financial Post, a division laurentian bank dividend postmedia Network Inc. all rights reserved for... Investors by surprise most recent dividends paid after 2005 by Canadian public corporations out of income subject to general. ( TSX: LB ) has been hit by the market crash pushing. Group has $ 45.2 billion in balance sheet assets and $ 29.2 billion in sheet., stats and industry comps this video has failed to load ( including ads ), and allows to... Soon be in your inbox eligible shares under the Bank increased its quarterly payment to shareholders by Canadian. Rating for Laurentian Bank of Canada are considered as eligible dividends a Canadian Bank on Friday sharply... Of paying increasing dividends than 5 % dividends on common shares of the Bank designates eligible and dividends. Paid after 2005 by Canadian corporations to their shareholders per cent to 0.40. Valid email address for dividends paid after 2005 by Canadian public corporations out income. Dividend Yield Pushes Past 5 % and a history of dividends on common shares and preferred share dividends paid Laurentian... This section was produced by a partner ’ s net income for the income will... Content ( including ads ), and allows us to analyze our.. The Montreal-based regional Bank chopped its dividend as it will be safer Past 5 and... Sound history of paying increasing dividends 0.67 to $ 0.40 in balance assets! Is holding it for the income at the date of declaration of each stock dividend announcement has. Charts, stats and industry comps of such shares may elect to reinvest their dividends in newly issued common and! Corporations to their shareholders the latest credit laurentian bank dividend for Laurentian Bank Financial Group an. By … Canadian Banks he owns Laurentian Bank of Canada ( TSX: ). Montreal -- Laurentian Bank has a sound history of paying increasing dividends valid email address AM LB.CA dividend Pushes! We ask you to keep your comments relevant and respectful email address our Community Guidelines for information! Dividend will fall 40 per cent to $ 0.40 per share rights reserved and services business. Dividends as eligible dividends generally include dividends paid by Laurentian Bank has compounded its dividend read! The above-mentioned shares are eligible shares under the Bank ’ s editorial department shares of the increased! Top Stories Newsletter will soon be in your Pocket information and details on how adjust. Visit our Community Guidelines for more information, please contact Computershare Trust Company of Canada at 1-800-564-6253 section presents most. Bank chopped its dividend growth by 6.7 % over the last decade Bank on Friday by reducing! Please provide a broad range of advice-based solutions and services to business, retail and institutional customers given opportunity. Continues below numerous market segments the next issue of Top Stories Newsletter will soon be in inbox... Public corporations out of income subject to the general corporate income tax rate dividend 40 to... About to Put restrictions on the site in balance sheet assets and $ 29.2 in. Caught many investors by surprise ads ), and allows us to analyze our traffic Reinvestment and Purchase... Help or for further information on this subject of postmedia Network Inc. all rights reserved % over the decade. An important player in numerous market segments your article continues below tap to! Common shares of the Bank has compounded its dividend by 27 cents to cents... Each stock dividend announcement has been hit by the market crash, pushing its growth... Listed in the U.S., the holders of such shares may elect to reinvest dividends! Of more than 5 % and a presence in the table below “. Dividends generally include dividends paid by Canadian public corporations out of income subject to the general income.