Company: Laurentian Bank of Canada

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Laurentian Bank of Canada reported first-quarter revenue of $257.5 million

Modern urban skyscrapers in downtown Chicago from below to the blue summer sky. Sun reflecting in the glass facades of the urban futuristic buildings. Chicago, Illinois, USA

At the same time, the bank raised its dividend 10%

The bank reported third-quarter profit of $36.2 million

The company also cut its dividend to gain more flexibility for the business

CSA issues guidance for taking annual meetings online

Analysts had expected a higher adjusted profit per share

The higher payment to shareholders came as Laurentian reported a fourth-quarter profit of $41.3 million

Figure is down from $54.9M a year ago

The bank is ``streamlining certain back-office functions'' related to its retail services operations

Skyline of downtown Montreal in Summer

CMHC issue resolved