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Laurentian Bank of Canada Announces Increased Common Share Dividend
Laurentian Bank of Canada Announces Increased Common Share Dividend Canada NewsWire ...
About this update from Laurentian Bank Of Canada
[{"type":"text","content":"\n \n \n \n Laurentian Bank of Canada Announces Increased Common Share Dividend\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n \n MONTREAL\n \n \n ,\n \n \n June 1, 2023\n \n \n /CNW/ - At its meeting held on May 31, 2023, the Board of Directors of Laurentian Bank of\n \n Canada\n \n (TSX: LB) (the \"Bank\") has approved an increase of\n \n $0.01\n \n on its common shares and declared a regular quarterly dividend of 47 cents per share on the common shares' payable on August 1, 2023 to the holders of record at the close of business on July 4, 2023.\n \n \n The above-mentioned dividends are designated as eligible dividends for the purposes of the\n \n Income Tax Act\n \n (\n \n Canada\n \n ) and any similar provincial and territorial legislation.\n \n \n The Bank's 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.\n \n \n 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.\n \n \n For more information, please contact Computershare Trust Company of\n \n Canada\n \n by phone at 1-800-564-6253 or by e-mail at\n \n [email protected]\n \n , or by mail 650 De Maisonneuve West 7th floor,\n \n Montreal, QC\n \n H3A 3T2. 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.\n \n \n Registered holders who participate in the Plan who wish to terminate their participation so that cash dividends to which they are entitled to be paid on and after August 1, 2023 are not reinvested in common shares unde...