EQB Inc. (TSE:EQB) Increases Dividend to $0.51 Per Share

EQB Inc. (TSE:EQB) announced a quarterly dividend on Friday, March 14th, TickerTech Dividends reports. Stockholders 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 dividend yield of 2.15%. The ex-dividend date is Friday, March 14th. This is a 4.1% increase from EQB’s previous quarterly dividend of $0.49.

EQB Stock Performance

EQB stock traded up C$0.47 on Wednesday, reaching C$95.10. The company had a trading volume of 51,921 shares, compared to its average volume of 70,188. The company’s fifty day moving average is C$105.22 and its 200 day moving average is C$104.07. The company has a market cap of C$3.68 billion, a P/E ratio of 14.83, a PEG ratio of 0.34 and a beta of 1.59. EQB has a 1 year low of C$78.24 and a 1 year high of C$114.22.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on EQB. Scotiabank reduced their target price on shares of EQB from C$130.00 to C$119.00 and set an “outperform” rating on the stock in a report on Thursday, February 20th. Desjardins decreased their target price 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. Royal Bank of Canada cut their price target on 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 set a C$129.00 price objective on EQB and gave the stock a “buy” rating in a report on Thursday, January 30th. 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 report on Friday, January 10th. Two equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat, EQB currently has a consensus rating of “Moderate Buy” and an average price target of C$122.80.

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.