MONTREAL, Feb. 26, 2015 /CNW Telbec/ - At its meeting held on February 26, 2015, the Board of Directors of the Laurentian Bank of Canada (the "Bank") declared a regular quarterly dividend of 54 cents per share on the common shares payable on May 1, 2015 to the holders on record at the close of business on April 1, 2015.
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. For the dividend payable on May 1, 2015, the Bank has determined, in accordance with the terms of the Plan, that shares will, until further notice, be purchased in the open market. Consequently, no discount will apply to such purchases.
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 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
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