MONTREAL, Dec. 11, 2013 /CNW Telbec/ - Laurentian Bank of Canada's Board of Directors announces today an
increase of the dividend on its common shares from 50 to 51 cents per
common share. A regular quarterly dividend of 51 cents per share was
declared and will be payable on February 1, 2014 to the holders on
record at the close of business on January 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 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