Bullboard - Stock Discussion Forum 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... see more

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Laurentian Bank of Canada > Dividend safety

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Post by Northforce13 on Feb 02, 2024 12:39am

Dividend safety

I'm really wondering if the dividend is safe. Their last Q earnings were weak, and they claim a bunch of writeoffs etc., but it seems like EVERY quarter they have mass restructuring costs or whatever. Next quarter is ongoing restructuring costs, a new plan (so more restructuring costs), then CEO severance. It just never seems to end.

I'm still apoplectic about them spending over 10 MILLION DOLLARS on god knows what to do their strategic review.

I'm semi tempted to buy some again at some point, but keep holding back on fear this stock is a minefield and bombs are constantly going off left and right continually.

Still own a small position in TFSA, used to own a ton, sort of watching it.

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