EQB Inc. (TSE:EQB) Increases Dividend to $0.61 Per Share

EQB Inc. (TSE:EQB) announced a quarterly dividend on Monday, June 15th, TickerTech Dividends reports. Investors of record on Tuesday, June 30th will be given a dividend of 0.61 per share on Tuesday, June 30th. This represents a c) dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date of this dividend is Monday, June 15th. This is a 3.4% increase from EQB’s previous quarterly dividend of $0.59.

EQB Stock Up 0.6%

Shares of EQB traded up C$0.73 during trading hours on Friday, reaching C$120.56. 56,594 shares of the company traded hands, compared to its average volume of 128,741. The stock has a market capitalization of C$4.41 billion, a PE ratio of 23.69, a price-to-earnings-growth ratio of 0.34 and a beta of 1.01. EQB has a fifty-two week low of C$83.93 and a fifty-two week high of C$126.51. The stock has a fifty day simple moving average of C$117.60 and a 200 day simple moving average of C$110.41.

EQB (TSE:EQB) last posted its quarterly earnings data on Wednesday, May 27th. The company reported C$2.03 EPS for the quarter. EQB had a return on equity of 6.16% and a net margin of 6.61%.The business had revenue of C$302.36 million for the quarter. Research analysts predict that EQB will post 12.5988235 EPS for the current fiscal year.

EQB Company Profile

EQB Inc formerly Equitable Group Inc trades on the Toronto Stock Exchange TSX: EQB and EQB.PR.C and serves over 360000 Canadians through its wholly owned subsidiary Equitable Bank Canadas Challenger Bank. Equitable Bank has grown to become the countrys eighth largest independent Schedule I bank with a clear mandate to drive real change in Canadian banking to enrich peoples lives. At Equitable Bank we are as invested in our employees as we are in our business. Thats why we are consistently recognized as one of Canadas Top Employers a rating that comes from our 1300+ employees.