Equitable Group Inc. (TSE:EQB) to Issue Quarterly Dividend of $0.37

Equitable Group Inc. (TSE:EQB) declared a quarterly dividend on Tuesday, July 28th, Zacks reports. Stockholders of record on Tuesday, September 15th will be given a dividend of 0.37 per share on Wednesday, September 30th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.84%. The ex-dividend date of this dividend is Monday, September 14th.

Shares of EQB stock traded up C$5.45 during trading hours on Thursday, reaching C$80.57. 136,897 shares of the company traded hands, compared to its average volume of 67,491. The firm has a 50-day moving average price of C$70.79 and a 200 day moving average price of C$77.79. The company has a market cap of $1.35 billion and a P/E ratio of 7.19. Equitable Group has a 12-month low of C$44.57 and a 12-month high of C$121.87.

Equitable Group (TSE:EQB) last issued its earnings results on Wednesday, May 13th. The company reported C$1.70 earnings per share (EPS) for the quarter, missing the consensus estimate of C$3.04 by C($1.34). The company had revenue of C$124.89 million during the quarter. Sell-side analysts expect that Equitable Group will post 12.1000005 EPS for the current fiscal year.

A number of analysts have issued reports on the company. Royal Bank of Canada lifted their price objective on Equitable Group from C$60.00 to C$71.00 in a research note on Friday, July 17th. Raymond James reissued a “market perform” rating on shares of Equitable Group in a research report on Wednesday, June 24th. Scotiabank boosted their target price on Equitable Group from C$81.00 to C$83.00 in a research report on Monday, June 15th. Cormark cut their target price on Equitable Group from C$15.50 to C$15.00 in a research report on Tuesday, April 7th. Finally, National Bank Financial raised Equitable Group from a “sector perform” rating to an “outperform” rating and boosted their target price for the company from C$75.00 to C$95.00 in a research report on Wednesday.

In related news, Senior Officer Andrew Moor sold 2,500 shares of the business’s stock in a transaction on Thursday, June 4th. The stock was sold at an average price of C$72.71, for a total transaction of C$181,775.00. Following the completion of the transaction, the insider now owns 43,252 shares in the company, valued at approximately C$3,144,852.92.

Equitable Group Company Profile

Equitable Group Inc, through its subsidiary, Equitable Bank, provides various financial services to retail and commercial customers in Canada. The company accepts term deposits and guaranteed investment certificates (GICs), high interest savings accounts (HISAs), tax-free savings accounts, and institutional deposit notes.

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Dividend History for Equitable Group (TSE:EQB)

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