Equitable Group Inc. (EQB) to Issue Quarterly Dividend of $0.25 on January 4th
Equitable Group Inc. (TSE:EQB) declared a quarterly dividend on Thursday, November 9th, Zacks reports. Investors of record on Friday, December 15th will be paid a dividend of 0.25 per share on Thursday, January 4th. This represents a $1.00 annualized dividend and a dividend yield of 1.44%. The ex-dividend date is Thursday, December 14th. This is an increase from Equitable Group’s previous quarterly dividend of $0.24.
Shares of Equitable Group (TSE:EQB) traded up C$0.27 during trading on Wednesday, hitting C$69.46. The company had a trading volume of 7,479 shares, compared to its average volume of 55,283. Equitable Group has a 1 year low of C$36.15 and a 1 year high of C$74.66.
In other news, insider Andrew Moor sold 1,600 shares of the company’s stock in a transaction on Thursday, September 14th. The stock was sold at an average price of C$55.59, for a total transaction of C$88,944.00. Also, Director Daniel Lee Dickinson sold 600 shares of the company’s stock in a transaction on Thursday, December 7th. The stock was sold at an average price of C$68.91, for a total value of C$41,346.00. Over the last 90 days, insiders have sold 5,407 shares of company stock valued at $314,006.
Several research analysts have weighed in on EQB shares. CIBC set a C$75.00 price target on Equitable Group and gave the company an “outperform” rating in a report on Monday, September 25th. National Bank Financial boosted their price target on Equitable Group from C$65.00 to C$68.00 and gave the company a “sector perform” rating in a report on Friday, November 10th. Royal Bank of Canada boosted their price target on Equitable Group from C$61.00 to C$68.00 and gave the company a “sector perform” rating in a report on Friday, November 10th. Laurentian cut their price target on Equitable Group from C$74.00 to C$72.00 in a report on Monday, November 13th. Finally, TD Securities boosted their price target on Equitable Group from C$71.00 to C$74.00 in a report on Monday, November 13th. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Equitable Group currently has a consensus rating of “Hold” and an average price target of C$71.86.
About Equitable Group
Equitable Group Inc is a financial services business that operates through its wholly owned subsidiary, Equitable Bank (the Bank). Equitable Bank serves retail and commercial customers across Canada with a range of savings solutions and mortgage lending products, offered under the Equitable Bank and EQ Bank brands.
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