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

EQB Inc. (TSE:EQB) declared 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 dividend yield of 1.92%. The ex-dividend date of this dividend is Friday, December 13th. This is a boost from EQB’s previous quarterly dividend of $0.47.

EQB Price Performance

Shares of EQB stock traded up C$2.26 on Wednesday, hitting C$102.18. The stock had a trading volume of 24,216 shares, compared to its average volume of 60,703. The business has a 50 day moving average of C$107.12 and a 200 day moving average of C$98.92. The stock has a market cap of C$3.92 billion, a price-to-earnings ratio of 10.67, a price-to-earnings-growth ratio of 0.34 and a beta of 1.59. EQB has a 12-month low of C$78.24 and a 12-month high of C$113.20.

Analysts Set New Price Targets

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

About EQB

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.