Equitable Group Inc. (TSE:EQB) declared a quarterly dividend on Thursday, November 8th, Zacks reports. Stockholders of record on Friday, December 14th will be paid a dividend of 0.28 per share on Thursday, January 3rd. This represents a $1.12 annualized dividend and a dividend yield of 1.79%. The ex-dividend date of this dividend is Thursday, December 13th. This is a boost from Equitable Group’s previous quarterly dividend of $0.27.
EQB opened at C$62.70 on Friday. Equitable Group has a 12-month low of C$52.01 and a 12-month high of C$72.98.
Several equities analysts recently issued reports on the company. National Bank Financial increased their target price on Equitable Group from C$73.00 to C$77.00 and gave the stock a “sector perform” rating in a research note on Tuesday. TD Securities increased their target price on Equitable Group from C$78.00 to C$80.00 and gave the stock a “buy” rating in a research note on Tuesday. CIBC upped their price target on Equitable Group from C$86.00 to C$90.00 in a report on Tuesday. Cormark upped their price target on Equitable Group from C$76.00 to C$85.00 in a report on Tuesday. Finally, Royal Bank of Canada upped their price target on Equitable Group from C$69.00 to C$77.00 and gave the stock a “sector perform” rating in a report on Friday, November 9th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Equitable Group presently has an average rating of “Hold” and an average price target of C$79.43.
In other news, Director Ronald Walter Tratch sold 2,500 shares of the stock in a transaction dated Wednesday, September 19th. The stock was sold at an average price of C$71.00, for a total value of C$177,500.00. Also, insider Timothy James Wilson sold 3,000 shares of the stock in a transaction dated Wednesday, September 19th. The shares were sold at an average price of C$70.85, for a total value of C$212,550.00.
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About Equitable Group
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 (GICs), high interest savings accounts (HISAs), and deposit notes. The company also provides single family lending services, such as loans secured by owner-occupied and investment properties comprising detached and semi-detached houses, townhouses, and condos through a range of products, such as mortgages, home equity lines of credit, and equity release mortgages; 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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