Equitable Group Inc. (TSE:EQB) declared a quarterly dividend on Thursday, November 8th, Zacks reports. Shareholders of record on Friday, December 14th will be paid a dividend of 0.28 per share on Thursday, January 3rd. This represents a $1.12 dividend on an annualized basis and a yield of 1.79%. The ex-dividend date is Thursday, December 13th. This is an increase from Equitable Group’s previous quarterly dividend of $0.27.
Shares of Equitable Group stock traded down C$2.77 during trading hours on Friday, reaching C$62.70. 77,600 shares of the stock traded hands, compared to its average volume of 29,659. Equitable Group has a one year low of C$52.01 and a one year high of C$72.98.
EQB has been the subject of a number of recent research reports. National Bank Financial boosted their price target on Equitable Group from C$65.00 to C$70.00 in a research note on Friday, August 10th. TD Securities boosted their price target on Equitable Group from C$75.00 to C$77.00 and gave the company a “buy” rating in a research note on Monday, August 13th. Royal Bank of Canada boosted their price target on Equitable Group from C$66.00 to C$74.00 and gave the company a “sector perform” rating in a research note on Friday, August 10th. BMO Capital Markets boosted their price target on Equitable Group from C$65.00 to C$80.00 and gave the company an “outperform” rating in a research note on Monday, August 13th. Finally, Cormark boosted their price target on Equitable Group from C$76.00 to C$85.00 in a research note on Tuesday. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of C$79.43.
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About Equitable Group
Equitable Group Inc, through its subsidiary, Equitable Bank, provides various financial services to retail and commercial customers in Canada. Its deposit products include guaranteed investment certificates (GICs), high interest savings accounts (HISAs), and deposit notes. The company also provides single family lending services, such as loans secured by owner-occupied and investment properties comprising detached and semi-detached houses, townhouses, and condos through a range of products, such as mortgages, home equity lines of credit, and equity release mortgages; and commercial lending products that include mortgages on commercial properties comprising mixed-use, multi-unit residential, shopping plaza, professional office, and industrial properties.
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