MONTREAL, Dec. 6, 2016 /CNW Telbec/ - Laurentian Bank
of Canada's Board of Directors
announces an increase of the dividend on its common shares from
60 to 61 cents per common share. A
regular quarterly dividend of 61
cents per share was declared and will be payable on
February 1, 2017 to the holders on record at the close of
business on January 3, 2017.
The above-mentioned dividend on the common shares is designated
as an eligible dividend for the purposes of the Income Tax
Act (Canada) and any similar
provincial and territorial legislation.
The above-mentioned common shares are Eligible Shares under the
Bank's Shareholder Dividend Reinvestment and Share Purchase Plan.
Consequently, the holders of such shares may elect to reinvest
their dividends in newly issued Common Shares of the Bank. Such
purchases will be made at the applicable Investment Price, less a
discount of 2%, and no brokerage commissions or service charges of
any kind will apply.
In addition, holders may continue to make monthly optional cash
payments to purchase additional Common Shares in accordance with
the terms of the Plan.
For more information, please contact Computershare Trust Company
of Canada at 1-800-564-6253.
Beneficial or non-registered owners of shares must contact their
financial institution or broker for instructions on how to
participate in the Plan.
About Laurentian Bank
Laurentian Bank of Canada is a
financial institution whose activities extend across Canada. Founded in 1846, its mission is to
help customers improve their financial health and is guided by
values of proximity, simplicity and honesty.
The Bank serves one and a half million clients throughout the
country and employs more than 3,600 individuals, which makes it a
major player in numerous market segments. The Bank caters to the
needs of retail clients via its branch network based in
Quebec. The Bank also stands out
for its know-how among small and medium-sized enterprises and real
estate developers owing to its specialized teams across
Canada. Its subsidiary B2B Bank
is, for its part, one of the major Canadian leader in providing
banking products and services and investment accounts through
independent advisors and brokers. Laurentian Bank Securities offers
integrated brokerage services to a clientele of institutional and
retail investors.
The Bank has more than $43 billion
in balance sheet assets and more than $43
billion in assets under administration.
SOURCE Laurentian Bank of Canada