Equitable Group Inc. (TSE:EQB) Director Ronald Walter Tratch sold 1,905 shares of the business’s stock in a transaction dated Monday, March 11th. The shares were sold at an average price of C$66.50, for a total value of C$126,682.50. Following the completion of the sale, the director now directly owns 1,103 shares of the company’s stock, valued at C$73,349.50.
Shares of TSE EQB traded up C$0.48 during midday trading on Friday, hitting C$67.98. 1,111 shares of the company’s stock were exchanged, compared to its average volume of 30,027. The company has a market cap of $1.12 billion and a PE ratio of 7.02. Equitable Group Inc. has a twelve month low of C$52.01 and a twelve month high of C$72.49.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 29th. Stockholders of record on Friday, March 29th will be given a dividend of $0.30 per share. The ex-dividend date is Thursday, March 14th. This is an increase from Equitable Group’s previous quarterly dividend of $0.28. This represents a $1.20 annualized dividend and a dividend yield of 1.77%. Equitable Group’s payout ratio is currently 11.17%.
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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