RB Global, Inc. (NYSE:RBA – Get Free Report) (TSE:RBA) declared a quarterly dividend on Friday, May 1st. Shareholders of record on Wednesday, May 27th will be given a dividend of 0.31 per share by the business services provider on Thursday, June 18th. This represents a c) annualized dividend and a dividend yield of 1.2%. The ex-dividend date of this dividend is Wednesday, May 27th.
RB Global has increased its dividend payment by an average of 0.1%per year over the last three years and has raised its dividend annually for the last 20 consecutive years. RB Global has a dividend payout ratio of 30.5% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect RB Global to earn $4.62 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 26.8%.
RB Global Price Performance
NYSE:RBA opened at $104.79 on Monday. RB Global has a one year low of $93.58 and a one year high of $119.58. The company has a market cap of $19.48 billion, a P/E ratio of 48.74, a P/E/G ratio of 1.67 and a beta of 0.57. The firm’s fifty day moving average price is $101.30 and its two-hundred day moving average price is $103.70. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.14 and a quick ratio of 1.07.
Wall Street Analysts Forecast Growth
A number of equities research analysts have recently issued reports on RBA shares. Royal Bank Of Canada boosted their target price on shares of RB Global from $146.00 to $150.00 and gave the company an “outperform” rating in a research report on Tuesday, May 5th. Weiss Ratings raised shares of RB Global from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, February 26th. Stephens reissued an “equal weight” rating and issued a $96.00 target price on shares of RB Global in a research report on Tuesday, May 5th. Finally, BMO Capital Markets reissued an “outperform” rating and issued a $135.00 target price (up from $130.00) on shares of RB Global in a research report on Tuesday, May 5th. Six analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, RB Global currently has a consensus rating of “Moderate Buy” and a consensus target price of $126.43.
View Our Latest Stock Report on RBA
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.
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