EQB Inc. (TSE:EQB) to Issue Quarterly Dividend of $0.63

EQB Inc. (TSE:EQB) declared a quarterly dividend on Tuesday, September 15th. Shareholders of record on Tuesday, September 29th will be paid a dividend of 0.63 per share on Tuesday, September 29th. This represents a c) annualized dividend and a yield of 1.9%. The ex-dividend date is Tuesday, September 15th. This is a 3.3% increase from EQB’s previous quarterly dividend of $0.61.

EQB Stock Performance

EQB stock traded up C$1.09 during mid-day trading on Friday, reaching C$129.60. The stock had a trading volume of 63,684 shares, compared to its average volume of 121,483. The firm has a market capitalization of C$5.52 billion, a PE ratio of -462.86, a price-to-earnings-growth ratio of 0.34 and a beta of 0.83. EQB has a fifty-two week low of C$83.93 and a fifty-two week high of C$150.32. The stock’s 50-day simple moving average is C$136.74 and its 200-day simple moving average is C$124.43.

EQB (TSE:EQB) last issued its earnings results on Wednesday, August 26th. The company reported C$2.12 earnings per share for the quarter. EQB had a negative return on equity of 0.07% and a negative net margin of 0.08%.The company had revenue of C$393.04 million for the quarter. On average, research analysts forecast that EQB will post 12.5988235 earnings per share for the current fiscal year.

About EQB

EQB Inc (TSX: EQB) is a leading Canadian financial services company with approximately $151 billion in combined assets under management and administration. It is the parent company of Equitable Bank, the country’s seventh largest Schedule I bank by assets, which operates EQ Bank, Canada’s Challenger Bank. Our purpose is to remake banking so every Canadian gets ahead, every day. Since 1970, we have built thoughtful financial solutions that serve more than 4 million customers, turning everyday moments into meaningful progress.