MONTREAL, Dec. 5, 2012 /CNW Telbec/ - Laurentian Bank of Canada's Board
of Directors announces today an increase of the dividend on its common
shares from 47 to 49 cents per common share. A regular quarterly
dividend of 49 cents per share was declared and will be payable on
February 1, 2013 to the holders on record at the close of business on
January 3, 2013.
For the year 2012, all dividends declared were eligible dividends for
income tax legislation purposes, including the dividend on the common
shares declared on December 5, 2012.
Eligible shareholders may now elect to reinvest, at no cost, their
dividends in additional common shares in accordance with the Bank's
Shareholder Dividend Reinvestment and Share Purchase Plan. Each
quarter, under the terms of the Plan, the Board of Directors determines
whether the common shares will be purchased on the market or issued
The determination was made that common shares would be issued from
treasury at a 2% discount from the investment price of the common
shares (as defined in the Plan). Shareholders may also purchase
additional common shares through optional cash payments. In that case,
no discount will apply to such purchases.
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.
SOURCE: LAURENTIAN BANK OF CANADA
For further information:
Vice-President, Public Affairs, Communications and Investor Relations
Office: (514) 284-4500, extension 7511
Cellular: (514) 893-3963