EQB Inc. (TSE:EQB) to Issue Quarterly Dividend of $0.51

EQB Inc. (TSE:EQB) announced a quarterly dividend on Friday, March 14th, TickerTech Dividends reports. Stockholders of record on Monday, March 31st will be paid a dividend of 0.51 per share on Monday, March 31st. This represents a $2.04 dividend on an annualized basis and a dividend yield of 2.13%. The ex-dividend date is Friday, March 14th. This is a 4.1% increase from EQB’s previous quarterly dividend of $0.49.

EQB Price Performance

Shares of EQB traded up C$1.08 during mid-day trading on Wednesday, reaching C$95.71. The stock had a trading volume of 24,292 shares, compared to its average volume of 70,193. The business’s fifty day moving average is C$105.22 and its 200 day moving average is C$104.07. EQB has a 52-week low of C$78.24 and a 52-week high of C$114.22. The firm has a market cap of C$3.70 billion, a price-to-earnings ratio of 14.92, a P/E/G ratio of 0.34 and a beta of 1.59.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on EQB. Cormark cut EQB from a “buy” rating to a “market perform” rating and dropped their price objective for the company from C$131.00 to C$110.00 in a research note on Thursday, December 5th. TD Securities downgraded EQB from a “buy” rating to a “hold” rating and dropped their target price for the company from C$126.00 to C$110.00 in a research report on Friday, December 6th. Desjardins cut their price target on shares of EQB from C$130.00 to C$126.00 and set a “buy” rating on the stock in a research note on Thursday, February 27th. Scotiabank lowered their price objective on shares of EQB from C$130.00 to C$119.00 and set an “outperform” rating for the company in a research note on Thursday, February 20th. Finally, Raymond James upped their target price on shares of EQB from C$112.00 to C$121.00 and gave the stock an “outperform” rating in a research note on Friday, January 10th. Two analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, EQB presently has a consensus rating of “Moderate Buy” and a consensus price target of C$122.80.

EQB Company Profile

EQB Inc formerly Equitable Group Inc trades on the Toronto Stock Exchange TSX: EQB and EQB.PR.C and serves over 360000 Canadians through its wholly owned subsidiary Equitable Bank Canadas Challenger Bank. Equitable Bank has grown to become the countrys eighth largest independent Schedule I bank with a clear mandate to drive real change in Canadian banking to enrich peoples lives.