EQB Inc. (EQB) to Issue Quarterly Dividend of $0.59 on March 31st

EQB Inc. (TSE:EQB) announced a quarterly dividend on Friday, March 13th, TickerTech Dividends reports. Shareholders of record on Tuesday, March 31st will be given a dividend of 0.59 per share on Tuesday, March 31st. This represents a c) dividend on an annualized basis and a yield of 2.0%. The ex-dividend date of this dividend is Friday, March 13th. This is a 3.5% increase from EQB’s previous quarterly dividend of $0.57.

EQB Trading Down 1.5%

Shares of EQB traded down C$1.71 during midday trading on Wednesday, reaching C$116.17. The stock had a trading volume of 63,572 shares, compared to its average volume of 158,611. The company has a market capitalization of C$4.25 billion, a price-to-earnings ratio of 19.39, a price-to-earnings-growth ratio of 0.34 and a beta of 0.78. The company’s 50-day moving average is C$111.12 and its 200 day moving average is C$99.04. EQB has a 12-month low of C$83.93 and a 12-month high of C$126.51.

Analyst Ratings Changes

Several research analysts have commented on the stock. BMO Capital Markets raised shares of EQB from a “hold” rating to an “outperform” rating and lifted their price target for the stock from C$108.00 to C$130.00 in a research note on Tuesday, January 20th. TD Securities decreased their target price on shares of EQB from C$138.00 to C$132.00 in a research report on Thursday, February 26th. National Bank Financial boosted their price target on shares of EQB from C$111.00 to C$120.00 and gave the stock a “sector perform” rating in a research note on Thursday, February 26th. Desjardins raised their price objective on EQB from C$110.00 to C$125.00 and gave the company a “buy” rating in a research note on Monday, February 9th. Finally, Jefferies Financial Group lifted their price objective on EQB from C$97.00 to C$109.00 in a report on Wednesday, February 11th. Four analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of C$117.44.

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. At Equitable Bank we are as invested in our employees as we are in our business. Thats why we are consistently recognized as one of Canadas Top Employers a rating that comes from our 1300+ employees.