Published On: Thu, Sep 8th, 2016

Equitable Group Inc. Declares Quarterly Dividend of C$0.21 (EQB)

Equitable Group Inc. (TSE:EQB) announced a quarterly dividend on Tuesday, September 13th. Shareholders of record on Monday, October 3rd will be given a dividend of 0.21 per share on Monday, October 3rd. This represents a $0.84 annualized dividend and a yield of 1.38%. The ex-dividend date is Tuesday, September 13th.
Shares of Equitable Group (TSE:EQB) opened at 60.80 on Thursday. The stock has a market capitalization of $946.41 million and a price-to-earnings ratio of 7.98. The stock has a 50 day moving average price of $58.12 and a 200-day moving average price of $56.08. Equitable Group has a 52-week low of $44.73 and a 52-week high of $63.05.

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Several equities research analysts have commented on EQB shares. Royal Bank Of Canada boosted their price objective on Equitable Group from C$60.00 to C$63.00 and gave the stock a “sector perform” rating in a research note on Friday, May 13th. National Bank Financial boosted their price objective on Equitable Group from C$69.00 to C$70.00 in a research note on Monday, July 25th. TD Securities boosted their price objective on Equitable Group from C$70.00 to C$72.00 and gave the stock a “buy” rating in a research note on Friday, August 12th. Finally, Scotiabank boosted their price objective on Equitable Group from C$68.00 to C$69.00 and gave the stock a “sector perform” rating in a research note on Monday, August 15th.
Equitable Group Inc is a financial services company that operates through its subsidiary, Equitable Bank (the Bank). The Bank provides mortgage loans to a range of customers that include business-for-self borrowers, newcomers to Canada and commercial real estate investors. It also provides savers with various saving options that offer security and competitive interest rates, including guaranteed investment certificates (GICs), high interest savings accounts (HISAs) and deposit notes.

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