EQB Inc. (TSE:EQB) Declares Dividend Increase – $0.51 Per Share

EQB Inc. (TSE:EQB) announced a quarterly dividend on Friday, March 14th, TickerTech Dividends reports. Shareholders of record on Monday, March 31st will be paid a dividend of 0.51 per share on Monday, March 31st. This represents a $2.04 annualized dividend and a yield of 2.14%. The ex-dividend date is Friday, March 14th. This is a 4.1% increase from EQB’s previous quarterly dividend of $0.49.

EQB Trading Up 0.9 %

Shares of TSE:EQB traded up C$0.89 on Wednesday, reaching C$95.52. 21,189 shares of the company’s stock were exchanged, compared to its average volume of 70,171. EQB has a twelve month low of C$78.24 and a twelve month high of C$114.22. The company has a fifty day moving average of C$105.22 and a 200-day moving average of C$104.07. The company has a market capitalization of C$3.70 billion, a price-to-earnings ratio of 14.89, a PEG ratio of 0.34 and a beta of 1.59.

Analyst Ratings Changes

A number of equities analysts have commented on EQB shares. Scotiabank lowered their price objective on EQB from C$130.00 to C$119.00 and set an “outperform” rating on the stock in a research note on Thursday, February 20th. Desjardins cut their price objective 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. Jefferies Financial Group set a C$129.00 target price on shares of EQB and gave the company a “buy” rating in a report on Thursday, January 30th. National Bankshares upped their price target on shares of EQB from C$109.00 to C$117.00 and gave the stock an “outperform” rating in a report on Wednesday, February 26th. Finally, CIBC increased their price target on shares of EQB from C$113.00 to C$130.00 in a research report on Tuesday, November 26th. Two investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of C$122.80.

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.