Laurentian Bank of Canada Moves to End Dividend Reinvestment Plan
Dow Jones2026/08/28 10:48By Adriano Marchese
Laurentian Bank of Canada has terminated its shareholder dividend reinvestment plan.
The Canadian bank on Friday said that it is ending its dividend reinvestment and share purchase plan, also known as DRIP, effective Sept. 30.
Investors will now only be able to receive their dividends in cash, rather than have the option to convert them into newly issued stock.
The new policy will be effective for the next quarterly dividend of 47 Canadian cents (34 U.S. cents) a share, which will be payable on Oct. 30 to shareholders of record as of Oct 1.
Write to Adriano Marchese at adriano.marchese@wsj.com
(END) Dow Jones Newswires
August 28, 2026 06:48 ET (10:48 GMT)
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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