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Reminder - Laurentian Bank of Canada (LB.CA) Goes Ex-Dividend Soon

By Canada Stock Channel Staff, Wednesday, March 29, 12:09 PM ET

On 3/31/23, Laurentian Bank of Canada (TSE:LB.CA) will trade ex-dividend, for its quarterly dividend of $0.46, payable on 5/1/23. As a percentage of LB.CA's recent stock price of $32.27, this dividend works out to approximately 1.43%, so look for shares of Laurentian Bank of Canada to trade 1.43% lower — all else being equal — when LB.CA shares open for trading on 3/31/23.

Below is a dividend history chart for LB.CA, showing historical dividends prior to the most recent $0.46 declared by Laurentian Bank of Canada:

In general, dividends are not always predictable; but looking at the history above can help in judging whether the most recent dividend from LB.CA is likely to continue, and whether the current estimated yield of 5.70% on annualized basis is a reasonable expectation of annual yield going forward. The chart below shows the one year performance of LB.CA shares, versus its 200 day moving average:

Laurentian Bank of Canada 200 Day Moving Average Chart

Looking at the chart above, LB.CA's low point in its 52 week range is $28.23 per share, with $43.315 as the 52 week high point — that compares with a last trade of $32.01.

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In Wednesday trading, Laurentian Bank of Canada shares are currently up about 0.8% on the day.

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