Ritchie Bros. Auctioneers Incorporated (NYSE:RBA) (TSE:RBA) declared a quarterly dividend on Tuesday, August 8th, NASDAQ reports. Stockholders of record on Friday, August 25th will be given a dividend of 0.17 per share by the business services provider on Friday, September 15th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 2.39%. The ex-dividend date is Wednesday, August 23rd.
Ritchie Bros. Auctioneers has increased its dividend payment by an average of 9.3% annually over the last three years and has increased its dividend annually for the last 14 consecutive years. Ritchie Bros. Auctioneers has a dividend payout ratio of 73.1% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Ritchie Bros. Auctioneers to earn $1.12 per share next year, which means the company should continue to be able to cover its $0.68 annual dividend with an expected future payout ratio of 60.7%.
Ritchie Bros. Auctioneers (NYSE RBA) traded down 0.59% on Friday, hitting $28.42. The stock had a trading volume of 773,311 shares. Ritchie Bros. Auctioneers has a 1-year low of $26.68 and a 1-year high of $39.96. The firm has a market capitalization of $3.04 billion, a price-to-earnings ratio of 61.52 and a beta of 0.55. The stock’s 50-day moving average is $28.11 and its 200 day moving average is $30.65.
Several analysts have recently commented on the company. Jefferies Group LLC reiterated a “hold” rating and set a $29.00 price objective on shares of Ritchie Bros. Auctioneers in a report on Friday, May 5th. BidaskClub upgraded Ritchie Bros. Auctioneers from a “sell” rating to a “hold” rating in a report on Tuesday, June 13th. TheStreet lowered Ritchie Bros. Auctioneers from a “b” rating to a “c+” rating in a report on Monday, May 8th. Scotiabank decreased their price objective on Ritchie Bros. Auctioneers from $40.00 to $39.00 and set an “outperform” rating for the company in a report on Monday, May 8th. Finally, Royal Bank Of Canada decreased their price objective on Ritchie Bros. Auctioneers from $41.00 to $40.00 and set an “outperform” rating for the company in a report on Monday, May 8th. Three analysts have rated the stock with a sell rating, six have assigned a hold rating and five have assigned a buy rating to the company. Ritchie Bros. Auctioneers presently has a consensus rating of “Hold” and a consensus price target of $33.42.
Ritchie Bros. Auctioneers Company Profile
Ritchie Bros Auctioneers Inc is a Canada-based holding company. The Company is an industrial auctioneer and used equipment distributor, selling used equipment and other assets. Its segments include Core Auction, which is a network of auction locations that conduct live, unreserved auctions with both on-site and online bidding, and Other, which includes its EquipmentOne and Mascus International Holding B.V.
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