The board of Laurentian Bank of Canada raised the dividend on its common shares to 64 Canadian cents per share, a cent higher than the previous payout.
The dividend will be payable Aug. 1 to holders of record as of July 2.
The Montreal-based company reported fiscal second-quarter net income of $59.2 million, or $1.34 per share, compared with $44.6 million, or $1.19 per share, in the year-ago quarter.
