LB
Preferred Shares
1
Credit Rating
P-2
Avg Yield
6.08%
Avg Price
$25.49
| Symbol | Issue Name | Type | Price | Yield | Par | Notes |
|---|---|---|---|---|---|---|
| LB.PR.H | Laurentian Bank of Canada Non-Cumulative Class A Preferred Shares Series 13 | reset | $25.49 | 6.08% | - | 5YR + 2.55% | Series: Preferred_Shares_Series_13 |
Laurentian Bank (LB) has 1 preferred share series outstanding on the Toronto Stock Exchange — 1 five-year rate resets. The median trailing indicated yield across the cohort is 6.08%, with LB.PR.H the highest-yielding series at 6.08%. All figures are trailing values from this site's daily update pipeline, computed from declared dividends and the latest close.
The reset calendar is a practical lens on this issuer: 1 of the active series are five-year rate resets, and the next scheduled repricings are LB.PR.H on Jun 15, 2029. At each reset the dividend reprices to the 5-year Government of Canada benchmark plus the spread fixed in the series' terms, and holders may elect a floating-rate sibling where the terms provide one.
Canadian bank preferred shares are non-cumulative five-year rate resets, generally rated Pfd-2 (low) or better, and the cohort trades the deepest liquidity in the market. The structure of the sector means its coupons reprice together at each reset against the GoC-5y benchmark.
Compare every Canadian preferred share side by side in the screener, or browse peers in the sector guides. The structural background — par value, reset mechanics, and rating tiers — is covered in the preferred shares guide.