Equitable Group Inc. (TSE:EQB) Declares $0.37 Quarterly Dividend

Equitable Group Inc. (TSE:EQB) announced a quarterly dividend on Tuesday, July 28th, Zacks reports. Investors of record on Tuesday, September 15th will be paid a dividend of 0.37 per share on Wednesday, September 30th. This represents a $1.48 annualized dividend and a dividend yield of 1.87%. The ex-dividend date of this dividend is Monday, September 14th.

Equitable Group stock traded down C$1.51 during midday trading on Thursday, reaching C$79.06. The company’s stock had a trading volume of 12,420 shares, compared to its average volume of 67,491. The stock has a market cap of $1.26 billion and a PE ratio of 7.33. Equitable Group has a 52 week low of C$44.57 and a 52 week high of C$121.87. The business has a 50-day moving average price of C$70.79 and a 200-day moving average price of C$77.79.

Equitable Group (TSE:EQB) last issued its quarterly earnings data on Wednesday, May 13th. The company reported C$1.70 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of C$3.04 by C($1.34). The company had revenue of C$124.89 million for the quarter. Research analysts anticipate that Equitable Group will post 12.1000005 EPS for the current fiscal year.

A number of equities analysts have issued reports on the company. National Bank Financial raised Equitable Group from a “sector perform” rating to an “outperform” rating and upped their target price for the stock from C$75.00 to C$95.00 in a report on Wednesday. TD Securities decreased their price target on shares of Equitable Group from C$85.00 to C$75.00 and set a “buy” rating for the company in a research report on Sunday, May 17th. Raymond James restated a “market perform” rating on shares of Equitable Group in a report on Wednesday, June 24th. Scotiabank lifted their target price on Equitable Group from C$81.00 to C$83.00 in a report on Monday, June 15th. Finally, Cormark decreased their price target on Equitable Group from C$15.50 to C$15.00 in a research note on Tuesday, April 7th.

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

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.

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Dividend History for Equitable Group (TSE:EQB)

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