EQB Inc. (TSE:EQB) Announces Quarterly Dividend of $0.49

EQB Inc. (TSE:EQB) announced a quarterly dividend on Friday, December 13th,TickerTech Dividends reports. Shareholders of record on Tuesday, December 31st will be paid a dividend of 0.49 per share on Tuesday, December 31st. This represents a $1.96 annualized dividend and a yield of 1.93%. The ex-dividend date is Friday, December 13th. This is a positive change from EQB’s previous quarterly dividend of $0.47.

EQB Price Performance

Shares of EQB traded up C$1.47 during midday trading on Wednesday, reaching C$101.39. The stock had a trading volume of 16,715 shares, compared to its average volume of 60,666. EQB has a 52 week low of C$78.24 and a 52 week high of C$113.20. The firm’s 50 day moving average price is C$107.12 and its 200-day moving average price is C$98.92. The company has a market capitalization of C$3.89 billion, a P/E ratio of 10.67, a P/E/G ratio of 0.34 and a beta of 1.59.

Analyst Upgrades and Downgrades

EQB has been the topic of a number of research reports. CIBC boosted their price objective on EQB from C$113.00 to C$130.00 in a research note on Tuesday, November 26th. Raymond James decreased their target price on EQB from C$110.00 to C$106.00 in a report on Wednesday, August 21st. TD Securities cut EQB from a “buy” rating to a “hold” rating and decreased their target price for the stock from C$126.00 to C$110.00 in a report on Friday, December 6th. BMO Capital Markets lifted their price target on EQB from C$106.00 to C$119.00 in a report on Monday, November 18th. Finally, Cormark downgraded EQB from a “buy” rating to a “market perform” rating and lowered their price target for the company from C$131.00 to C$110.00 in a report on Thursday, December 5th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of C$113.63.

About EQB

EQB Inc, through its subsidiary, Equitable Bank, provides personal and commercial banking services to retail and commercial customers in Canada. The company accepts term deposits and guaranteed investment certificates, high interest savings accounts, institutional deposit notes and covered bonds, as well as specialized financing solutions.