EQB Inc. T.EQB.PR.C

Primary Symbol: T.EQB Alternate Symbol(s): EQGPF

Financial Services

EQB Inc. operates through its wholly owned subsidiary Equitable Bank. Equitable Bank provides diversified personal and commercial banking through its EQ Bank platform. The Company operates through two main divisions: Personal Banking and Commercial Banking. Its Personal Banking segment consists of deposits, single family residential mortgage loans, home equity lines of credit, reverse mortgages, insurance lending, and payment infrastructure partnerships. Its savings products are offered through EQ Bank, Equitable Bank, Equitable Trust, and a network of independent financial planners and brokers. Its Commercial Banking segment lends loans through a network of mortgage and leasing brokers, lending partners, and other financial institutions. Commercial loans involve lending on multi-unit residential, industrial and office buildings, and other commercial properties. It also specializes in the creation, structuring, and management of pooled Canadian commercial mortgage funds.

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EQB Inc.

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Post by Betteryear2on Feb 28, 2024 7:36pm

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Post# 35905207

EQB increases common share dividend

EQB's Board of Directors declared a dividend of $0.42 per common share payable on March 28, 2024, to shareholders of record as of March 15, 2024, representing a 5% increase from the dividend paid in December 2023 and 20% above the payment made in February 2023. EQB's Board of Directors amended the Dividend Reinvestment Program (DRIP) to remove the 2% discount
The Board also declared a quarterly dividend of $0.373063 per preferred share, payable on March 28, 2024, to shareholders of record at the close of business March 15, 2024
For the purposes of the Income Tax Act (Canada) and any similar provincial legislation, dividends declared are eligible dividends, unless otherwise indicated