RB Global, Inc. (NYSE:RBA) Plans $0.31 Quarterly Dividend

RB Global, Inc. (NYSE:RBA) (TSE:RBA) announced a quarterly dividend on Tuesday, January 20th. Shareholders of record on Monday, February 9th will be paid a dividend of 0.31 per share by the business services provider on Monday, March 2nd. This represents a c) dividend on an annualized basis and a yield of 1.1%. The ex-dividend date is Monday, February 9th.

RB Global has raised its dividend payment by an average of 0.1%annually over the last three years and has increased its dividend every year for the last 20 years. RB Global has a payout ratio of 30.5% indicating that its dividend is sufficiently covered by earnings. Research 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 Performance

Shares of RB Global stock traded up $0.56 during trading on Wednesday, hitting $113.81. 77,366 shares of the stock were exchanged, compared to its average volume of 1,360,579. The company has a current ratio of 1.23, a quick ratio of 1.15 and a debt-to-equity ratio of 0.46. The company has a fifty day moving average price of $103.28 and a 200-day moving average price of $107.06. The stock has a market capitalization of $21.15 billion, a price-to-earnings ratio of 54.47, a price-to-earnings-growth ratio of 2.15 and a beta of 0.57. RB Global has a 1-year low of $86.68 and a 1-year high of $119.58.

RB Global (NYSE:RBA) (TSE:RBA) last posted its quarterly earnings results on Thursday, November 6th. The business services provider reported $0.93 EPS for the quarter, topping analysts’ consensus estimates of $0.83 by $0.10. The business had revenue of $1.11 billion during the quarter, compared to analysts’ expectations of $1.05 billion. RB Global had a return on equity of 9.66% and a net margin of 9.65%.RB Global’s quarterly revenue was up 12.0% on a year-over-year basis. During the same quarter last year, the company posted $0.71 earnings per share. As a group, equities analysts predict that RB Global will post 2.5 EPS for the current fiscal 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.