MONTREAL, June 4, 2014 /CNW Telbec/ - Laurentian Bank of Canada's Board
of Directors announces today an increase of the dividend on its common
shares from 51 to 52 cents per common share. A regular quarterly
dividend of 52 cents per share was declared and will be payable on
August 1, 2014 to the holders on record at the close of business on
July 2, 2014.
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 of such shares are entitled to make monthly
optional cash payments to purchase additional Common Shares in
accordance with the terms of the Plan. No discount will apply to such
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.
SOURCE: Laurentian Bank of Canada
For further information:
Public Affairs, Communications and Investor Relations
Office: (514) 284-4500, extension 7511
Cellular: (514) 893-3963