Laurentian Bank Declares Quarterly Dividend, Ends DRIP Program

Laurentian Bank of Canada has announced its quarterly dividend payout for the third quarter. The bank's board declared a regular quarterly dividend of $0.47 per common share, which will be payable on October 30, 2026 to shareholders of record as of October 1.

The dividend is designated as an eligible dividend for Canadian tax purposes and represents a continuation of the bank's commitment to providing regular income for investors.

However, Laurentian Bank also announced that it will be terminating its Shareholder Dividend Reinvestment and Share Purchase Plan effective September 30, 2026. This means that any shares issued under the plan until then will come from corporate treasury without discount, marking a shift in the bank's capital management approach.

Analysts have noted that this move could reduce automatic equity issuance tied to dividend payouts, potentially altering the balance between retained earnings and external capital raising over time. The decision suggests that Laurentian Bank is refining its shareholder return strategy while maintaining regular income for investors.