EQB Inc. (TSE:EQB) to Issue Dividend Increase – $0.49 Per Share

EQB Inc. (TSE:EQB) declared a quarterly dividend on Friday, December 13th,TickerTech Dividends reports. Investors of record on Tuesday, December 31st will be paid a dividend of 0.49 per share on Tuesday, December 31st. This represents a $1.96 annualized dividend and a yield of 1.93%. The ex-dividend date of this dividend is Friday, December 13th. This is a positive change from EQB’s previous quarterly dividend of $0.47.

EQB Trading Up 1.7 %

EQB traded up C$1.68 during midday trading on Wednesday, hitting C$101.60. 12,341 shares of the company were exchanged, compared to its average volume of 60,641. The firm has a market capitalization of C$3.90 billion, a price-to-earnings ratio of 10.50, a price-to-earnings-growth ratio of 0.34 and a beta of 1.59. The company’s 50 day simple moving average is C$107.12 and its 200 day simple moving average is C$98.92. EQB has a 1-year low of C$78.24 and a 1-year high of C$113.20.

Analyst Upgrades and Downgrades

EQB has been the subject of a number of recent analyst reports. BMO Capital Markets raised their price target on shares of EQB from C$106.00 to C$119.00 in a report on Monday, November 18th. Raymond James cut their price target on shares of EQB from C$110.00 to C$106.00 in a research note on Wednesday, August 21st. Cormark downgraded EQB from a “buy” rating to a “market perform” rating and decreased their price objective for the company from C$131.00 to C$110.00 in a report on Thursday, December 5th. CIBC increased their target price on shares of EQB from C$113.00 to C$130.00 in a research note on Tuesday, November 26th. Finally, TD Securities downgraded EQB from a “buy” rating to a “hold” rating and reduced their price objective for the company from C$126.00 to C$110.00 in a research note on Friday, December 6th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and five have given a buy rating to the stock. According to MarketBeat, the stock 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.