Ritchie Bros. Auctioneers Inc (TSE:RBA) Raises Dividend to $0.24 Per Share

Ritchie Bros. Auctioneers Inc (TSE:RBA) (NYSE:RBA) announced a quarterly dividend on Wednesday, May 8th, Zacks reports. Investors of record on Wednesday, May 29th will be given a dividend of 0.241 per share on Wednesday, June 19th. This represents a $0.96 annualized dividend and a dividend yield of 2.02%. The ex-dividend date is Tuesday, May 28th. This is a positive change from Ritchie Bros. Auctioneers’s previous quarterly dividend of $0.24.

RBA traded up C$1.12 during midday trading on Friday, reaching C$47.83. 68,847 shares of the company’s stock were exchanged, compared to its average volume of 112,857. The stock has a market cap of $5.09 billion and a price-to-earnings ratio of 42.74. The company has a quick ratio of 0.93, a current ratio of 1.31 and a debt-to-equity ratio of 97.94. Ritchie Bros. Auctioneers has a one year low of C$41.38 and a one year high of C$50.66.

Ritchie Bros. Auctioneers (TSE:RBA) (NYSE:RBA) last announced its quarterly earnings results on Thursday, May 9th. The company reported C$0.23 EPS for the quarter, missing analysts’ consensus estimates of C$0.28 by C($0.05). The business had revenue of C$403.43 million for the quarter, compared to analysts’ expectations of C$377.62 million. Equities research analysts expect that Ritchie Bros. Auctioneers will post 1.38 EPS for the current fiscal year.

Separately, National Bank Financial lowered their price target on shares of Ritchie Bros. Auctioneers from C$37.00 to C$35.00 and set a “sector perform” rating for the company in a report on Monday, March 4th.

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Ritchie Bros. Auctioneers Company Profile

Ritchie Bros. Auctioneers Incorporated, an asset management and disposition company, sells industrial equipment and other durable assets through its unreserved live on site auctions, online marketplaces, listing services, and private brokerage services. The company sells a range of used and unused equipment, including earthmoving equipment, truck trailers, government surplus, oil and gas equipment, and other industrial assets, as well as construction and heavy machinery.

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Dividend History for Ritchie Bros. Auctioneers (TSE:RBA)

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