Equitable Group Inc. (EQB) Raises Dividend to $0.28 Per Share
Equitable Group Inc. (TSE:EQB) announced a quarterly dividend on Thursday, November 8th, Zacks reports. Investors 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 yield of 1.79%. The ex-dividend date is Thursday, December 13th. This is a boost from Equitable Group’s previous quarterly dividend of $0.27.
Shares of TSE EQB traded down C$2.77 during trading on Friday, hitting C$62.70. The company had a trading volume of 77,600 shares, compared to its average volume of 29,659. Equitable Group has a 52 week low of C$52.01 and a 52 week high of C$72.98.
Several research analysts have issued reports on EQB shares. Royal Bank of Canada upped their price target on Equitable Group from C$69.00 to C$77.00 and gave the company a “sector perform” rating in a report on Friday, November 9th. National Bank Financial dropped their price target on Equitable Group from C$70.00 to C$68.00 and set a “sector perform” rating on the stock in a report on Tuesday, October 30th. TD Securities upped their price target on Equitable Group from C$74.00 to C$78.00 and gave the company a “buy” rating in a report on Friday, November 9th. Cormark upped their price target on Equitable Group from C$76.00 to C$85.00 in a report on Tuesday. Finally, BMO Capital Markets upped their price target on Equitable Group from C$65.00 to C$80.00 and gave the company an “outperform” rating in a report on Monday, August 13th. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Equitable Group currently has an average rating of “Hold” and an average target price of C$79.43.
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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