Laurentian Bank Financial Group increases the dividend on its common shares
December 04 2019 - 7:16AM
At its meeting held on December 3, 2019, the Board of Directors of
the Laurentian Bank of Canada (TSX: LB) (the “Bank”) declared a
regular quarterly dividend of 67 cents per share on the common
shares payable on February 1, 2020 to the holders of record at
the close of business on January 2, 2020.
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 (the “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 as defined in the Plan, less a discount of 2%, and
no brokerage commissions or service charges of any kind will
apply.
In addition, holders of such shares are entitled
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 common and preferred shares must
contact their financial institution or broker for instructions on
how to participate in the Plan.
About Laurentian Bank Financial
Group
Founded in 1846, Laurentian Bank Financial Group
is a diversified financial services provider whose mission is to
help its customers improve their financial health. The Laurentian
Bank of Canada and its entities are collectively referred to as
Laurentian Bank Financial Group (the “Group” or the “Bank”).
With more than 3,200 employees guided by the
values of proximity, simplicity and honesty, the Group provides a
broad range of advice-based solutions and services to its personal,
business and institutional customers. With pan-Canadian activities
and a presence in the U.S., the Group is an important player in
numerous market segments.
The Group has $44 billion in balance sheet
assets and $29 billion in assets under administration.
Information:
Hélène SoulardAssistant Vice President,
Communications514-284-4500, extension
40015helene.soulard@lbcfg.ca
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