EQB Inc. (TSE:EQB) to Issue Quarterly Dividend of $0.53

EQB Inc. (TSE:EQB) declared a quarterly dividend on Friday, June 13th, TickerTech Dividends reports. Shareholders of record on Monday, June 30th will be paid a dividend of 0.53 per share on Monday, June 30th. This represents a $2.12 dividend on an annualized basis and a yield of 2.27%. The ex-dividend date of this dividend is Friday, June 13th. This is a 3.9% increase from EQB’s previous quarterly dividend of $0.51.

EQB Trading Up 0.2%

Shares of TSE:EQB traded up C$0.23 on Wednesday, reaching C$93.30. 3,205 shares of the company traded hands, compared to its average volume of 85,038. EQB has a 52 week low of C$85.14 and a 52 week high of C$114.22. The business’s 50-day simple moving average is C$93.50 and its 200 day simple moving average is C$99.65. The stock has a market capitalization of C$3.61 billion, a P/E ratio of 14.55, a price-to-earnings-growth ratio of 0.34 and a beta of 1.59.

Wall Street Analysts Forecast Growth

EQB has been the subject of several research analyst reports. National Bankshares dropped their price objective on EQB from C$117.00 to C$111.00 and set a “sector perform” rating for the company in a report on Thursday, May 22nd. Scotiabank cut their target price on EQB from C$130.00 to C$119.00 and set an “outperform” rating on the stock in a research note on Thursday, February 20th. Royal Bank of Canada decreased their price objective on shares of EQB from C$153.00 to C$147.00 and set an “outperform” rating for the company in a report on Thursday, February 27th. Jefferies Financial Group cut their target price on shares of EQB from C$126.00 to C$107.00 in a research report on Monday, April 21st. Finally, Desjardins decreased 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 report on Thursday, February 27th. Three analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of C$119.60.

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.