EQB Inc. (TSE:EQB) Plans Quarterly Dividend of $0.49

EQB Inc. (TSE:EQB) announced a quarterly dividend on Friday, December 13th,TickerTech Dividends reports. Shareholders of record on Tuesday, December 31st will be given a dividend of 0.49 per share on Tuesday, December 31st. This represents a $1.96 dividend on an annualized basis and a yield of 1.92%. The ex-dividend date is Friday, December 13th. This is a positive change from EQB’s previous quarterly dividend of $0.47.

EQB Trading Up 2.0 %

Shares of TSE:EQB traded up C$1.97 during midday trading on Wednesday, hitting C$101.89. 20,238 shares of the stock were exchanged, compared to its average volume of 60,683. EQB has a twelve month low of C$78.24 and a twelve month high of C$113.20. The company has a 50 day moving average price of C$107.12 and a 200-day moving average price of C$98.92. The stock has a market cap of C$3.91 billion, a P/E ratio of 10.67, a PEG ratio of 0.34 and a beta of 1.59.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on EQB shares. Raymond James cut their target price on shares of EQB from C$110.00 to C$106.00 in a research report on Wednesday, August 21st. Cormark downgraded EQB from a “buy” rating to a “market perform” rating and cut their price objective for the stock from C$131.00 to C$110.00 in a research report on Thursday, December 5th. TD Securities cut EQB from a “buy” rating to a “hold” rating and lowered their target price for the company from C$126.00 to C$110.00 in a report on Friday, December 6th. CIBC raised their price target on EQB from C$113.00 to C$130.00 in a research report on Tuesday, November 26th. Finally, Scotiabank reduced their price objective on EQB from C$135.00 to C$130.00 in a research report on Friday, December 6th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of C$113.63.

EQB Company Profile

EQB Inc, through its subsidiary, Equitable Bank, provides personal and commercial banking services to retail and commercial customers in Canada. The company accepts term deposits and guaranteed investment certificates, high interest savings accounts, institutional deposit notes and covered bonds, as well as specialized financing solutions.