EQB Inc. (TSE:EQB) Declares Dividend Increase - $0.55 Per Share

Key Points

• EQB Inc. has announced a quarterly dividend increase to $0.55 per share, reflecting a 3.8% rise from the previous dividend of $0.53.
• The ex-dividend date is September 15th, and investors of record on September 30th will receive the dividend payout.
• As of the latest trading, EQB's stock price has dipped to C$91.23 with a market capitalization of C$3.50 billion.

EQB Inc. (TSE:EQB - Get Free Report) announced a quarterly dividend on Monday, September 15th, TickerTech Dividends reports. Investors of record on Tuesday, September 30th will be given a dividend of 0.55 per share on Tuesday, September 30th. This represents a c) annualized dividend and a yield of 2.4%. The ex-dividend date is Monday, September 15th. This is a 3.8% increase from EQB's previous quarterly dividend of $0.53.

EQB Price Performance

EQB stock traded down C$1.27 during midday trading on Friday, hitting C$91.23. 151,138 shares of the stock were exchanged, compared to its average volume of 101,905. EQB has a 1 year low of C$85.14 and a 1 year high of C$114.22. The firm has a market cap of C$3.50 billion, a P/E ratio of 10.34, a P/E/G ratio of 0.34 and a beta of 1.27. The company has a 50 day moving average price of C$99.68 and a two-hundred day moving average price of C$96.76.

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.

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