Laurentian Bank of Canada T.LB

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

Financial Services

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

Laurentian Bank of Canada > IMPORTANT REMINDER

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Comment by rad10on Jun 26, 2024 5:49am

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Post# 36106427

RE:IMPORTANT REMINDER

insidersnoop1 wrote:
Ex dividend date : July 2 but buy on June 28 at the latest

LB has announced that it will pay a dividend of .47 per share on the 1st of August. Dividend of 47 cents is 7.12% with share price at closing price of 26.40$.
Monday July 1 is Canada Day and TSX will be closed so to get dividend you have to buy on or before Friday June 28 with ex dividend date being July 2.

it really sucks picking up over 7% in tax advantaged qualifying dividend income; whilst we wait for the inevitable consolidation within this sector. lol.

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