Ritchie Bros. Auctioneers Inc (RBA) to Issue Quarterly Dividend of $0.17
Ritchie Bros. Auctioneers Inc (TSE:RBA) (NYSE:RBA) declared a quarterly dividend on Tuesday, August 8th, Zacks reports. Stockholders of record on Friday, August 25th will be paid a dividend of 0.17 per share on Friday, September 15th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.87%. The ex-dividend date of this dividend is Wednesday, August 23rd.
Ritchie Bros. Auctioneers (TSE:RBA) opened at 36.28 on Friday. Ritchie Bros. Auctioneers has a 12 month low of $34.03 and a 12 month high of $52.88. The firm has a market cap of $3.89 billion and a price-to-earnings ratio of 78.53. The stock’s 50 day moving average is $35.76 and its 200-day moving average is $40.58.
A number of analysts have recently issued reports on RBA shares. Raymond James Financial, Inc. cut their target price on shares of Ritchie Bros. Auctioneers from C$37.50 to C$33.50 and set a “market perform” rating for the company in a research note on Monday, May 15th. CIBC cut shares of Ritchie Bros. Auctioneers from an “outperform” rating to a “neutral” rating and cut their target price for the stock from C$36.00 to C$28.00 in a research note on Monday, July 10th. Scotiabank cut their target price on shares of Ritchie Bros. Auctioneers to C$53.50 and set an “outperform” rating for the company in a research note on Monday, May 15th. Northcoast Research restated a “neutral” rating on shares of Ritchie Bros. Auctioneers in a research note on Friday, May 5th. Finally, Royal Bank Of Canada cut their target price on shares of Ritchie Bros. Auctioneers to C$55.50 and set an “outperform” rating for the company in a research note on Monday, May 8th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the company. Ritchie Bros. Auctioneers has an average rating of “Hold” and a consensus target price of C$39.50.
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About Ritchie Bros. Auctioneers
Ritchie Bros. Auctioneers Incorporated, together with its subsidiaries, sells industrial equipment and other assets for the construction, agriculture, transportation, energy, mining, forestry, material handling, marine, and real estate industries through its unreserved auctions and online marketplaces.
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