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

RB Global, Inc. (NYSE:RBA) (TSE:RBA) announced a quarterly dividend on Friday, May 1st. Stockholders of record on Wednesday, May 27th will be paid a dividend of 0.31 per share by the business services provider on Thursday, June 18th. This represents a c) dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date of this dividend is Wednesday, May 27th.

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

Shares of RBA opened at $104.79 on Monday. The stock has a 50-day moving average price of $101.30 and a 200-day moving average price of $103.70. The company has a market cap of $19.48 billion, a PE ratio of 48.74, a price-to-earnings-growth ratio of 1.67 and a beta of 0.57. RB Global has a 12-month low of $93.58 and a 12-month high of $119.58. The company has a current ratio of 1.14, a quick ratio of 1.07 and a debt-to-equity ratio of 0.40.

RB Global (NYSE:RBA) (TSE:RBA) last released its earnings results on Monday, May 4th. The business services provider reported $1.01 earnings per share for the quarter, topping analysts’ consensus estimates of $0.97 by $0.04. The company had revenue of $1.21 billion during the quarter, compared to the consensus estimate of $1.13 billion. RB Global had a return on equity of 12.33% and a net margin of 9.55%.RB Global’s quarterly revenue was up 11.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.89 EPS. As a group, equities analysts forecast that RB Global will post 4.09 earnings per share for the current fiscal year.

About RB Global

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.