Equitable Group Inc. (TSE:EQB) Increases Dividend to $0.31 Per Share

Equitable Group Inc. (TSE:EQB) announced a quarterly dividend on Thursday, June 13th, TickerTech reports. Shareholders of record on Friday, June 28th will be given a dividend of 0.31 per share on Friday, June 28th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 1.80%. The ex-dividend date of this dividend is Thursday, June 13th. This is an increase from Equitable Group’s previous quarterly dividend of $0.30.

Shares of TSE EQB traded down C$0.36 during midday trading on Wednesday, reaching C$68.73. The company’s stock had a trading volume of 11,434 shares, compared to its average volume of 29,067. Equitable Group has a one year low of C$56.12 and a one year high of C$74.76. The company has a market capitalization of $1.15 billion and a P/E ratio of 7.04.

Equitable Group (TSE:EQB) last released its earnings results on Thursday, May 9th. The company reported C$2.72 EPS for the quarter, missing analysts’ consensus estimates of C$2.77 by C($0.05). The company had revenue of C$112.24 million for the quarter, compared to analyst estimates of C$110.70 million. As a group, analysts forecast that Equitable Group will post 12.6099989 EPS for the current year.



A number of analysts recently commented on EQB shares. BMO Capital Markets boosted their target price on shares of Equitable Group from C$80.00 to C$85.00 in a report on Monday, May 13th. TD Securities boosted their target price on shares of Equitable Group from C$83.00 to C$84.00 and gave the stock a “hold” rating in a report on Monday, May 13th. CIBC boosted their target price on shares of Equitable Group from C$92.00 to C$94.00 in a report on Friday, May 10th. Royal Bank of Canada boosted their target price on shares of Equitable Group from C$75.00 to C$83.00 and gave the stock a “sector perform” rating in a report on Friday, March 1st. Finally, National Bank Financial boosted their target price on shares of Equitable Group from C$77.00 to C$83.00 and gave the stock a “sector perform” rating in a report on Tuesday, April 30th. Four investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of C$85.67.

In other news, Director Daniel Lee Dickinson sold 3,000 shares of the business’s stock in a transaction that occurred on Friday, May 17th. The shares were sold at an average price of C$71.15, for a total transaction of C$213,450.00. Following the sale, the director now owns 654 shares in the company, valued at C$46,532.10. Also, Senior Officer Isabelle Farella sold 805 shares of the business’s stock in a transaction that occurred on Tuesday, May 14th. The shares were sold at an average price of C$73.46, for a total transaction of C$59,135.30. Following the sale, the insider now owns 1,149 shares in the company, valued at approximately C$84,405.54. Insiders sold a total of 5,805 shares of company stock worth $413,285 over the last quarter.

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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. The company accepts term deposits and guaranteed investment certificates (GICs), high interest savings accounts (HISAs), tax-free savings accounts, and institutional deposit notes.

Further Reading: Understanding Average Daily Trade Volume

Dividend History for Equitable Group (TSE:EQB)

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