Equitable Group Inc. (EQB) Plans Dividend Increase – $0.24 Per Share
Equitable Group Inc. (TSE:EQB) declared a quarterly dividend on Friday, August 11th, Zacks reports. Stockholders of record on Friday, September 15th will be given a dividend of 0.24 per share on Thursday, October 5th. This represents a $0.96 annualized dividend and a dividend yield of 1.86%. The ex-dividend date of this dividend is Thursday, September 14th. This is an increase from Equitable Group’s previous quarterly dividend of $0.23.
Equitable Group (TSE:EQB) traded down 1.22% during trading on Friday, hitting $51.73. The stock had a trading volume of 16,591 shares. The stock has a market cap of $852.36 million and a price-to-earnings ratio of 5.42. The stock has a 50 day moving average price of $54.93 and a 200-day moving average price of $58.33. Equitable Group has a 12 month low of $36.15 and a 12 month high of $74.66.
In other news, Director Johanne Brossard acquired 1,000 shares of Equitable Group stock in a transaction on Tuesday, August 15th. The shares were bought at an average cost of C$56.65 per share, for a total transaction of C$56,650.00.
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Several brokerages have recently weighed in on EQB. National Bank Financial upgraded Equitable Group from an “underperform” rating to a “sector perform” rating and increased their price target for the stock from C$47.00 to C$65.00 in a report on Sunday, June 25th. TD Securities reduced their price target on Equitable Group from C$71.00 to C$68.00 in a report on Monday, August 14th. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of C$61.75.
Equitable Group Company Profile
Equitable Group Inc, through its subsidiary, Equitable Bank, provides various financial services to retail and commercial customers in Canada. Its deposit products include guaranteed investment certificates, high interest savings accounts, and institutional deposit notes. The company also provides single family lending products, such as mortgages for owner occupied and investment properties comprising detached and semi-detached houses, townhouses, and condos; and commercial lending products that include mortgages on commercial properties comprising mixed-use, multi-unit residential, shopping plaza, professional office, and industrial properties.
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