Laurentian Bank of Canada, together with its subsidiaries, provides various financial services to personal, business, and institutional customers in Canada and the United States. It operates through three segments: Personal Banking, Commercial Banking, and Capital Markets. The company offers notice, demand, and term deposits; commercial, residential mortgage, and personal loans; real estate, and equipment and inventory financing; and credit life and disability insurance products. It also provides investment securities services; research, market analysis, and advisory services; corporate underwriting services for debt and equity; and administrative, foreign exchange, and trustee services. The company sells its products through the bank's financial clinics, advisors, broker channels, and digital platforms. Laurentian Bank of Canada was founded in 1846 and is headquartered in Montréal, Canada.
Laurentian Bank of Canada Dividend Announcement
• Laurentian Bank of Canada announced a quarterly dividend of C$0.47 per ordinary share which will be made payable on 2024-11-01. Ex dividend date: 2024-10-01
• Laurentian Bank of Canada annual dividend for 2024 was C$1.88
• Laurentian Bank of Canada annual dividend for 2023 was C$1.40
• Laurentian Bank of Canada's trailing twelve-month (TTM) dividend yield is 7.11%
• Laurentian Bank of Canada's payout ratio for the trailing twelve months (TTM) is -544.60%
• Laurentian Bank of Canada's dividend growth over the last five years (2018-2023) was -11.37% year
• Laurentian Bank of Canada's dividend growth over the last ten years (2013-2023) was -3.50% year
Laurentian Bank of Canada Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-10-01 | C$0.47 | quarterly | 2024-11-01 |
2024-07-02 | C$0.47 | quarterly | 2024-08-01 |
2024-03-28 | C$0.47 | quarterly | 2024-05-01 |
2024-01-02 | C$0.47 | quarterly | 2024-02-01 |
2023-09-28 | C$0.47 | quarterly | 2023-11-01 |
2023-06-30 | C$0.47 | quarterly | 2023-08-01 |
2023-03-31 | C$0.46 | quarterly | 2023-05-01 |
2022-12-30 | C$0.46 | quarterly | 2023-02-01 |
2022-09-29 | C$0.45 | quarterly | 2022-11-01 |
2022-06-30 | C$0.45 | quarterly | 2022-08-01 |
2022-03-31 | C$0.44 | quarterly | 2022-05-01 |
2021-12-30 | C$0.44 | quarterly | 2022-02-01 |
2021-09-29 | C$0.40 | quarterly | 2021-11-01 |
2021-06-30 | C$0.40 | quarterly | 2021-08-01 |
2021-03-31 | C$0.40 | quarterly | 2021-05-01 |
2020-12-31 | C$0.40 | quarterly | 2021-02-01 |
2020-09-30 | C$0.40 | quarterly | 2020-11-01 |
2020-06-30 | C$0.40 | quarterly | 2020-08-01 |
2020-03-31 | C$0.67 | quarterly | 2020-05-01 |
2019-12-31 | C$0.67 | quarterly | 2020-02-01 |
2019-09-30 | C$0.66 | quarterly | 2019-11-01 |
2019-06-28 | C$0.66 | quarterly | 2019-08-01 |
2019-03-29 | C$0.65 | quarterly | 2019-05-01 |
2018-12-31 | C$0.65 | quarterly | 2019-02-01 |
2018-09-28 | C$0.64 | quarterly | 2018-11-01 |
2018-06-28 | C$0.64 | quarterly | 2018-08-01 |
2018-03-29 | C$0.63 | quarterly | 2018-05-01 |
2017-12-29 | C$0.63 | quarterly | 2018-02-01 |
2017-09-29 | C$0.62 | quarterly | 2017-11-01 |
2017-06-29 | C$0.62 | quarterly | 2017-08-01 |
2017-03-30 | C$0.61 | quarterly | 2017-05-01 |
2016-12-29 | C$0.61 | quarterly | 2017-02-01 |
2016-09-29 | C$0.60 | quarterly | 2016-11-01 |
2016-06-29 | C$0.60 | quarterly | 2016-08-01 |
2016-03-30 | C$0.58 | quarterly | 2016-05-01 |
2015-12-30 | C$0.58 | quarterly | 2016-02-01 |
2015-09-29 | C$0.56 | quarterly | 2015-11-01 |
2015-06-29 | C$0.56 | quarterly | 2015-08-01 |
2015-03-30 | C$0.54 | quarterly | 2015-05-01 |
2014-12-30 | C$0.54 | quarterly | 2015-02-01 |
2014-09-29 | C$0.52 | quarterly | 2014-11-01 |
2014-06-27 | C$0.52 | quarterly | 2014-08-01 |
2014-03-28 | C$0.51 | quarterly | 2014-05-01 |
2013-12-30 | C$0.51 | quarterly | 2014-02-01 |
2013-09-27 | C$0.50 | quarterly | 2013-11-01 |
2013-06-27 | C$0.50 | quarterly | 2013-08-01 |
2013-03-27 | C$0.49 | quarterly | 2013-05-01 |
Laurentian Bank of Canada Dividend per year
Laurentian Bank of Canada Dividend growth
Laurentian Bank of Canada Dividend Yield
Laurentian Bank of Canada current trailing twelve-month (TTM) dividend yield is 7.11%. Interested in purchasing Laurentian Bank of Canada stock? Use our calculator to estimate your expected dividend yield:
Laurentian Bank of Canada Financial Ratios
Laurentian Bank of Canada Dividend FAQ
Other factors to consider when evaluating Laurentian Bank of Canada as a dividend stock include its dividend yield, dividend growth, payout ratio, and the sustainability of its dividend payments given its earnings and cash flow. These factors can provide insight into the company's ability to maintain or increase its dividend in the future.
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1. Determination of Dividend: Laurentian Bank of Canada's board of directors reviews the company's financial performance, cash flow, future investment needs, and other relevant factors to determine the amount and timing of dividend payments.
2. Dividend Declaration: Once the board approves a dividend, Laurentian Bank of Canada publicly announces the dividend amount, currency, and the ex-dividend date. The ex-dividend date is the date on or after which the buyer of the stock will not be eligible to receive the upcoming dividend payment.
3. Record Date: The record date is the date on which the company checks its records to identify shareholders who are eligible to receive the dividend. Only shareholders on record as of this date will receive the dividend.
4. Payment Date: On the designated payment date, Laurentian Bank of Canada distributes the dividend to eligible shareholders. The dividend is usually paid in the form of cash directly into the shareholder's brokerage account or through other designated payment methods.
5. Tax Implications: Dividends received from Laurentian Bank of Canada are generally taxable as income. Shareholders may need to report dividend income on their tax returns and pay applicable taxes according to their jurisdiction's tax regulations.
1. Record Date: Laurentian Bank of Canada sets a record date, which is the date on which the company checks its records to determine the eligible shareholders. Only those who are shareholders on record as of this date will receive the dividend.
2. Payment Date: On the designated payment date, Laurentian Bank of Canada distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Laurentian Bank of Canada declares the currency in which the dividend will be paid. Depending on the shareholder's location and the currency election made by the shareholder, the dividend will be converted to the appropriate currency during the payment process.
To assess the safety of Laurentian Bank of Canada's dividend, it is crucial to analyze the company's financial health, debt levels, cash flow generation, and ability to sustain dividend payments over the long term. Additionally, monitoring the company's future earnings, cash flow projections, and management's commitment to dividend policies can provide valuable insights.
It is recommended to review Laurentian Bank of Canada's financial reports, official announcements, and consult with financial advisors or experts who have access to the most current and comprehensive information about the company's financial situation.