RB Global, Inc. (RBA) To Go Ex-Dividend on November 26th

RB Global, Inc. (NYSE:RBA) (TSE:RBA) declared a quarterly dividend on Wednesday, November 5th. Shareholders of record on Wednesday, November 26th will be given a dividend of 0.31 per share by the business services provider on Wednesday, December 17th. This represents a c) annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend is Wednesday, November 26th.

RB Global has increased its dividend by an average of 0.1%annually over the last three years and has raised its dividend every year for the last 20 years. RB Global has a dividend payout ratio of 30.5% meaning its dividend is sufficiently covered by earnings. Analysts expect RB Global to earn $3.41 per share next year, which means the company should continue to be able to cover its $1.24 annual dividend with an expected future payout ratio of 36.4%.

RB Global Stock Up 3.9%

Shares of NYSE RBA traded up $3.78 during trading hours on Friday, hitting $99.99. 1,123,081 shares of the stock were exchanged, compared to its average volume of 1,090,062. The company has a market cap of $18.57 billion, a PE ratio of 49.48, a PEG ratio of 2.48 and a beta of 0.66. RB Global has a 12 month low of $85.55 and a 12 month high of $119.58. The company has a quick ratio of 1.22, a current ratio of 1.28 and a debt-to-equity ratio of 0.46. The firm has a fifty day moving average price of $107.95 and a 200-day moving average price of $107.51.

RB Global (NYSE:RBA) (TSE:RBA) last issued its quarterly earnings data on Thursday, November 6th. The business services provider reported $0.93 EPS for the quarter, beating the consensus estimate of $0.83 by $0.10. RB Global had a return on equity of 9.42% and a net margin of 9.46%.The firm had revenue of $1.11 billion during the quarter, compared to analyst estimates of $1.05 billion. During the same quarter in the prior year, the business posted $0.71 EPS. The business’s revenue for the quarter was up 12.0% compared to the same quarter last year. On average, sell-side analysts expect that RB Global will post 2.5 EPS for the current year.

RB Global Company Profile

RB Global, Inc, an omnichannel marketplace, provides insights, services, and transaction solutions for buyers and sellers of commercial assets and vehicles worldwide. Its marketplace brands include Ritchie Bros., an auctioneer of commercial assets and vehicles offering online bidding; IAA, a digital marketplace connecting vehicle buyers and sellers; Rouse Services, which provides asset management, data-driven intelligence, and performance benchmarking system; SmartEquip, a technology platform that supports customers' management of the equipment lifecycle; and Veritread, an online marketplace for heavy haul transport solution.