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

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

EQB Stock Up 1.2 %

EQB stock traded up C$1.18 during trading hours 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 stock’s 50-day moving average price is C$105.22 and its 200-day moving average price is C$104.07. EQB has a 12-month low of C$78.24 and a 12-month high of C$114.22. The stock has a market capitalization of C$3.71 billion, a P/E ratio of 14.94, a price-to-earnings-growth ratio of 0.34 and a beta of 1.59.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the stock. National Bankshares upped their target price on shares of EQB from C$109.00 to C$117.00 and gave the company an “outperform” rating in a research note on Wednesday, February 26th. Scotiabank dropped their price target 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. Raymond James raised their target price on EQB from C$112.00 to C$121.00 and gave the stock an “outperform” rating in a research report on Friday, January 10th. TD Securities downgraded EQB from a “buy” rating to a “hold” rating and decreased their price objective for the stock from C$126.00 to C$110.00 in a research note on Friday, December 6th. Finally, Desjardins decreased 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. Two investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of C$122.80.

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.