EQB Inc. (EQB) to Issue Quarterly Dividend of $0.51 on March 31st

EQB Inc. (TSE:EQB) announced a quarterly dividend on Friday, March 14th, TickerTech Dividends reports. Shareholders 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 dividend on an annualized basis and a dividend yield of 2.13%. The ex-dividend date of this dividend is Friday, March 14th. This is a 4.1% increase from EQB’s previous quarterly dividend of $0.49.

EQB Stock Up 1.2 %

TSE:EQB traded up C$1.18 on Wednesday, hitting C$95.81. The stock had a trading volume of 59,221 shares, compared to its average volume of 70,550. The company has a market cap of C$3.71 billion, a PE ratio of 14.94, a P/E/G ratio of 0.34 and a beta of 1.59. EQB has a 52 week low of C$78.24 and a 52 week high of C$114.22. The business’s fifty day moving average is C$105.22 and its 200 day moving average is C$104.07.

Analysts Set New Price Targets

Several brokerages recently weighed in on EQB. BMO Capital Markets raised their price target on shares of EQB from C$106.00 to C$119.00 in a research report on Monday, November 18th. Desjardins dropped their price objective on 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. TD Securities lowered shares of EQB from a “buy” rating to a “hold” rating and reduced their target price for the stock from C$126.00 to C$110.00 in a research note on Friday, December 6th. Raymond James boosted their price target on shares of EQB from C$112.00 to C$121.00 and gave the stock an “outperform” rating in a report on Friday, January 10th. Finally, CIBC upped their price objective on shares of EQB from C$113.00 to C$130.00 in a research report on Tuesday, November 26th. Two equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, EQB currently has an average rating of “Moderate Buy” and a consensus 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.