Equitable Group Inc. (TSE:EQB) Declares Quarterly Dividend of $0.35

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Equitable Group Inc. (TSE:EQB) announced a quarterly dividend on Tuesday, November 5th, Zacks reports. Investors of record on Friday, December 13th will be paid a dividend of 0.35 per share on Tuesday, December 31st. This represents a $1.40 annualized dividend and a yield of 1.24%. The ex-dividend date is Thursday, December 12th. This is a positive change from Equitable Group’s previous quarterly dividend of $0.33.

EQB traded up C$0.78 during trading hours on Tuesday, hitting C$113.32. 8,345 shares of the company’s stock were exchanged, compared to its average volume of 37,107. Equitable Group has a 12-month low of C$57.85 and a 12-month high of C$121.87. The firm has a 50 day moving average of C$113.11 and a 200 day moving average of C$93.38. The firm has a market cap of $1.86 billion and a P/E ratio of 10.22.

EQB has been the topic of several recent research reports. BMO Capital Markets upped their target price on shares of Equitable Group from C$125.00 to C$130.00 in a research note on Wednesday, November 6th. Royal Bank of Canada upped their target price on shares of Equitable Group from C$120.00 to C$137.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 6th. National Bank Financial upped their target price on shares of Equitable Group from C$125.00 to C$129.00 and gave the stock a “sector perform” rating in a research note on Thursday, November 7th. Finally, TD Securities upped their target price on shares of Equitable Group from C$125.00 to C$130.00 and gave the stock a “buy” rating in a research note on Wednesday, November 6th.

In other Equitable Group news, Senior Officer Andrew Moor sold 3,000 shares of the stock in a transaction that occurred on Monday, December 9th. The shares were sold at an average price of C$112.36, for a total value of C$337,080.00. Following the sale, the insider now directly owns 27,699 shares of the company’s stock, valued at approximately C$3,112,259.64. Also, Director Timothy Paul Charron sold 250 shares of the stock in a transaction that occurred on Wednesday, September 25th. The shares were sold at an average price of C$104.04, for a total transaction of C$26,010.00. Following the completion of the sale, the director now directly owns 441 shares in the company, valued at C$45,881.64. Over the last three months, insiders sold 14,138 shares of company stock worth $1,532,715.

Equitable Group Company Profile

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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