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

EQB Inc. (TSE:EQB) declared a quarterly dividend on Friday, June 13th, TickerTech Dividends reports. Stockholders 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 dividend yield of 2.27%. The ex-dividend date is Friday, June 13th. This is a 3.9% increase from EQB’s previous quarterly dividend of $0.51.

EQB Price Performance

Shares of EQB stock traded up C$0.42 during trading on Wednesday, reaching C$93.49. The company had a trading volume of 11,834 shares, compared to its average volume of 84,360. The firm’s 50 day simple moving average is C$93.50 and its two-hundred day simple moving average is C$99.65. EQB has a one year low of C$85.14 and a one year high of C$114.22. The company has a market capitalization of C$3.62 billion, a PE ratio of 14.58, a PEG ratio of 0.34 and a beta of 1.59.

Analyst Ratings Changes

Several brokerages have commented on EQB. Jefferies Financial Group lowered their price target on EQB from C$126.00 to C$107.00 in a report on Monday, April 21st. National Bankshares decreased their price objective on shares of 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. CIBC lowered their target price on shares of EQB from C$130.00 to C$126.00 in a research note on Thursday, May 22nd. Desjardins cut their target price on shares of EQB from C$130.00 to C$126.00 and set a “buy” rating for the company in a research report on Thursday, February 27th. Finally, Scotiabank decreased their price target on shares of EQB from C$130.00 to C$119.00 and set an “outperform” rating for the company in a report on Thursday, February 20th. Three analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat, EQB currently has a consensus rating of “Moderate Buy” and a consensus price target of C$119.60.

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.