MONTREAL, Feb. 29,
2024 /CNW/ - At its meeting held on February 28, 2024, the Board of Directors of
Laurentian Bank of Canada (TSX:
LB) (the "Bank") declared a regular quarterly dividend of
47 cents per share on the common
shares' payable on May 1, 2024 to the
holders of record at the close of business on April 1, 2024.
The above-mentioned dividends are designated as eligible
dividends for the purposes of the Income Tax Act
(Canada) and any similar
provincial and territorial legislation.
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.
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 by phone at
1-800-564-6253 or by e-mail at service@computershare.com, or by
mail at 650 De Maisonneuve West 7th floor, Montreal, QC 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.
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 May 1, 2024 are not
reinvested in common shares under the Plan, must deliver written
notice to Computershare Trust of Canada at the above-mentioned address by no
later than April 1, 2024. Beneficial
or non-registered holder who participate in the Plan and who wish
to terminate their participation so that cash dividends to which
they are entitled to be paid on and after May 1, 2024 are not reinvested in common shares
under the Plan must contact their financial institution or broker
for instructions on how to terminate participation in the Plan in
advance of April 1, 2024.
About Laurentian Bank of
Canada
At Laurentian Bank, we believe we can change banking for the
better. By seeing beyond numbers.
Founded in Montréal in 1846, Laurentian Bank helps families,
businesses and communities thrive. Today, we have approximately
3,000 employees working together as one team, to provide a broad
range of financial services and advice-based solutions for
customers across Canada and
the United States. We protect,
manage and grow $48.1 billion in
balance sheet assets and $26.5
billion in assets under administration.
We drive results by placing our customers first, making the
better choice, acting courageously, and believing everyone
belongs.
SOURCE Laurentian Bank of Canada