EQB Inc. (EQB) to Distribute Quarterly Dividend of $0.63 on September 29th

EQB Inc. (TSE:EQB) announced a quarterly dividend on Tuesday, September 15th. Investors of record on Tuesday, September 29th will be paid a dividend of 0.63 per share on Tuesday, September 29th. This represents a c) dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date of this dividend is Tuesday, September 15th. This is a 3.3% increase from EQB’s previous quarterly dividend of $0.61.

EQB Trading Up 0.8%

EQB traded up C$1.09 on Friday, hitting C$129.60. The company had a trading volume of 63,684 shares, compared to its average volume of 121,483. The company’s fifty day moving average price is C$136.74 and its 200 day moving average price is C$124.43. EQB has a 1 year low of C$83.93 and a 1 year high of C$150.32. The firm has a market cap of C$5.52 billion, a P/E ratio of -462.86, a PEG ratio of 0.34 and a beta of 0.83.

EQB (TSE:EQB) last announced its quarterly earnings results on Wednesday, August 26th. The company reported C$2.12 earnings per share for the quarter. EQB had a negative net margin of 0.08% and a negative return on equity of 0.07%. The business had revenue of C$393.04 million during the quarter. On average, analysts predict that EQB will post 12.5988235 earnings per share for the current year.

About EQB

EQB Inc (TSX: EQB) is a leading Canadian financial services company with approximately $151 billion in combined assets under management and administration. It is the parent company of Equitable Bank, the country’s seventh largest Schedule I bank by assets, which operates EQ Bank, Canada’s Challenger Bank. Our purpose is to remake banking so every Canadian gets ahead, every day. Since 1970, we have built thoughtful financial solutions that serve more than 4 million customers, turning everyday moments into meaningful progress.