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

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

EQB Stock Up 1.1 %

EQB stock traded up C$1.08 during mid-day trading on Wednesday, hitting C$95.71. 24,292 shares of the company’s stock were exchanged, compared to its average volume of 70,193. EQB has a fifty-two week low of C$78.24 and a fifty-two week high of C$114.22. The company’s 50 day simple moving average is C$105.22 and its 200-day simple moving average is C$104.07. The firm has a market capitalization of C$3.70 billion, a P/E ratio of 14.92, a PEG ratio of 0.34 and a beta of 1.59.

Analyst Ratings Changes

EQB has been the subject of a number of recent analyst reports. CIBC upped their price target on shares of EQB from C$113.00 to C$130.00 in a report on Tuesday, November 26th. National Bankshares raised their target price on EQB from C$109.00 to C$117.00 and gave the company an “outperform” rating in a report on Wednesday, February 26th. Cormark lowered shares of EQB from a “buy” rating to a “market perform” rating and lowered their price objective for the stock from C$131.00 to C$110.00 in a research report on Thursday, December 5th. BMO Capital Markets lifted their price target on shares of EQB from C$106.00 to C$119.00 in a report on Monday, November 18th. Finally, Raymond James lifted their price objective on EQB from C$112.00 to C$121.00 and gave the company an “outperform” rating in a research note on Friday, January 10th. Two investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of C$122.80.

About EQB

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.