EQB Inc. (TSE:EQB) Increases Dividend to $0.53 Per Share

EQB Inc. (TSE:EQB) announced a quarterly dividend on Friday, June 13th, TickerTech Dividends reports. Investors of record on Monday, June 30th will be given a dividend of 0.53 per share on Monday, June 30th. This represents a $2.12 dividend on an annualized basis and a yield of 2.27%. The ex-dividend date is Friday, June 13th. This is a 3.9% increase from EQB’s previous quarterly dividend of $0.51.

EQB Stock Up 0.2%

Shares of TSE EQB traded up C$0.23 on Wednesday, hitting C$93.30. The company had a trading volume of 3,205 shares, compared to its average volume of 85,038. EQB has a 12-month low of C$85.14 and a 12-month high of C$114.22. The business has a 50 day moving average of C$93.50 and a two-hundred day moving average of C$99.65. The firm has a market capitalization of C$3.61 billion, a P/E ratio of 14.55, a PEG ratio of 0.34 and a beta of 1.59.

Analysts Set New Price Targets

Several analysts have issued reports on the company. Jefferies Financial Group cut their price objective on EQB from C$126.00 to C$107.00 in a report on Monday, April 21st. National Bankshares cut their price target on shares of EQB from C$117.00 to C$111.00 and set a “sector perform” rating on the stock in a report on Thursday, May 22nd. CIBC cut their price target on shares of EQB from C$130.00 to C$126.00 in a report on Thursday, May 22nd. Desjardins cut 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 note on Thursday, February 27th. Finally, Royal Bank of Canada cut their target price on shares of EQB from C$153.00 to C$147.00 and set an “outperform” rating on the stock in a research note on Thursday, February 27th. Three research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat, EQB has a consensus rating of “Moderate Buy” and an average price target of C$119.60.

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.