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

EQB Inc. (TSE:EQB - Get Free Report) announced a quarterly dividend on Friday, June 13th, TickerTech Dividends reports. Investors of record on Monday, June 30th will be paid 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 2.32%. The ex-dividend date of this dividend is Friday, June 13th. This is a 3.9% increase from EQB's previous quarterly dividend of $0.51.

EQB Stock Performance

EQB traded down C$0.62 during midday trading on Friday, reaching C$91.47. 55,606 shares of the company were exchanged, compared to its average volume of 84,486. EQB has a one year low of C$85.14 and a one year high of C$114.22. The stock has a market capitalization of C$3.54 billion, a P/E ratio of 14.26, a PEG ratio of 0.34 and a beta of 1.59. The stock's 50-day simple moving average is C$93.67 and its 200 day simple moving average is C$99.34.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. Scotiabank reduced their target price on EQB from C$130.00 to C$119.00 and set an "outperform" rating on the stock in a report on Thursday, February 20th. National Bankshares reduced their target price on 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. Desjardins reduced their target price on EQB from C$130.00 to C$126.00 and set a "buy" rating on the stock in a report on Thursday, February 27th. Jefferies Financial Group cut their price objective on EQB from C$126.00 to C$107.00 in a report on Monday, April 21st. Finally, Royal Bank of Canada cut their price objective on EQB from C$153.00 to C$147.00 and set an "outperform" rating on the stock in a report on Thursday, February 27th. Three analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock currently 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.