Laurentian Bank of Canada T.LB

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

[insidersnoop1]

LB has announced that it will pay a dividend of $0.47 per share on the 1st of August. Dividend of 47 cents is 7.12% with share price at today's closing price of 26.40$.
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.

[perplexed01]

  just sold part of my shares today picked up in the $24-25's.  am betting that post record date can buy back for a profit far more than the divy.  glta

[emiltech]

You could also be forced to buying it back between 28 $-30 $/share by August 1, 2024 . LB is a great buy right now. I can see it going to 32 $ - 36 $ on their own within one year. CWB is doing the script for it. A full takeover would be possible in the 50 $. A new paradigm is taking place.

[perplexed01]

the only scenario i can imagine where one is "forced" to buy shares would be to exit an option position that went sideways. a new "paradigm" would be great but am not seeing it so far. selling the last takeover rumor proved to be the best move & will do it again if it repeats.  the divy is attractive but otherwise lb is the worst performing financial i have.  my

[perplexed01]

we just passed the first of august and no $28 in sight!  how is your "new paradigm"  working out for you? mid-$25's and falling. for me i will start buying back slowly now.

[emiltech]

Looks like you were right. I think they will do something like adjusted 4,00 $ to 5,00 $ per share in the current fiscal year. Big N-A market players always prefer to buy only big names! So they arrange to sell all others indiscriminately. As cdn regulators allowed RY to swallow HSBC Canada, then no surprise CWB is already gone!