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Laurentian Bank of Canada T.LB

Alternate Symbol(s):  LRCDF | LAUCF | T.LB.PR.H

Laurentian Bank of Canada (the Bank) is a Canada-based provider of financial services to its personal, commercial and institutional customers. The Bank operates in Canada and the United States. Its segments include Personal Banking, Commercial Banking and Capital Markets. The Personal Banking segment caters to the financial needs of retail clients. The Commercial Banking segment caters to the financial needs of business clients across Canada and in the United States and provides commercial banking, real estate financing, and equipment and inventory financing. The Capital Markets segment provides a range of services, including research, market analysis and advisory services, corporate underwriting for debt and equity, and administrative services. The Bank's clients can access its offering of financial advice, products and services through a network of branches in Quebec. The Bank offers a digital direct-to-customer platform to all Canadians. The Bank has approximately 57 branches.


TSX:LB - Post by User

Bullboard Posts
Post by carlocarlion Sep 07, 2018 10:26am
143 Views
Post# 28578920

Sustainability of dividend

Sustainability of dividendWhen the earnings were about $6/share, the divident payout rate (the portion of the earnings distributed in the form of dividends) was about 42%. That was sustainable. Now most analysts are estimating that the earnings will be closer to $5/share for the next few quarters. If this is correct, and if the dividend remains unchanged, the payout rate will be over 51%, which is much less sustainable. LB may try to ride out the next few quarters until the earnings start grwoing again, or it might have to cut the dividend (with predictable results on the share price).
Bullboard Posts