Ritchie Bros. Auctioneers Incorporated (TSE:RBA) Raises Dividend to $0.32 Per Share

Ritchie Bros. Auctioneers Incorporated (TSE:RBA) (NYSE:RBA) declared a quarterly dividend on Thursday, January 13th, Zacks reports. Investors of record on Friday, February 11th will be paid a dividend of 0.316 per share on Friday, March 4th. This represents a $1.26 dividend on an annualized basis and a dividend yield of 1.62%. The ex-dividend date of this dividend is Thursday, February 10th. This is an increase from Ritchie Bros. Auctioneers’s previous quarterly dividend of $0.31.

Shares of TSE:RBA opened at C$77.98 on Friday. The company has a current ratio of 1.21, a quick ratio of 0.91 and a debt-to-equity ratio of 75.52. Ritchie Bros. Auctioneers has a 12 month low of C$64.17 and a 12 month high of C$94.96. The company has a 50-day moving average price of C$83.91 and a 200 day moving average price of C$79.78. The company has a market cap of C$8.62 billion and a price-to-earnings ratio of 40.05.

Ritchie Bros. Auctioneers (TSE:RBA) (NYSE:RBA) last announced its quarterly earnings data on Thursday, November 4th. The company reported C$0.55 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of C$0.43 by C$0.12. The firm had revenue of C$415.13 million during the quarter, compared to the consensus estimate of C$410.38 million. As a group, equities analysts forecast that Ritchie Bros. Auctioneers will post 2.5199999 EPS for the current year.

Several equities analysts have issued reports on the stock. Raymond James lifted their price target on shares of Ritchie Bros. Auctioneers to C$80.00 and gave the stock a “market perfom” rating in a report on Tuesday, September 28th. Barrington Research reiterated a “market perform” rating on shares of Ritchie Bros. Auctioneers in a research note on Wednesday, November 24th. Royal Bank of Canada lifted their price objective on shares of Ritchie Bros. Auctioneers from C$65.00 to C$72.00 and gave the stock a “sector perform” rating in a research note on Monday, November 8th. Finally, TD Securities upgraded shares of Ritchie Bros. Auctioneers to a “buy” rating in a research report on Thursday, January 6th. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of C$75.00.

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. It sells a range of used and unused commercial assets, including earthmoving equipment, truck tractors and 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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