RB Global, Inc. (RBA) To Go Ex-Dividend on August 25th

RB Global, Inc. (NYSE:RBA) (TSE:RBA) declared a quarterly dividend on Tuesday, July 21st. Shareholders of record on Tuesday, August 25th will be paid a dividend of 0.33 per share by the business services provider on Thursday, September 17th. This represents a c) annualized dividend and a dividend yield of 1.5%. The ex-dividend date of this dividend is Tuesday, August 25th. This is a 6.5% increase from RB Global’s previous quarterly dividend of $0.31.

RB Global has increased its dividend by an average of 0.1%annually over the last three years and has increased its dividend annually for the last 20 consecutive years. RB Global has a dividend payout ratio of 32.4% indicating that its dividend is sufficiently covered by earnings. Research analysts expect RB Global to earn $4.76 per share next year, which means the company should continue to be able to cover its $1.32 annual dividend with an expected future payout ratio of 27.7%.

RB Global Price Performance

Shares of RBA stock opened at $86.97 on Friday. The company has a current ratio of 1.31, a quick ratio of 1.22 and a debt-to-equity ratio of 0.51. RB Global has a twelve month low of $82.03 and a twelve month high of $119.58. The stock has a fifty day simple moving average of $105.76 and a two-hundred day simple moving average of $104.24. The stock has a market capitalization of $16.10 billion, a price-to-earnings ratio of 37.33, a P/E/G ratio of 1.49 and a beta of 0.56.

RB Global (NYSE:RBA) (TSE:RBA) last announced its quarterly earnings results on Tuesday, August 4th. The business services provider reported $1.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.09 by $0.04. The business had revenue of $1.66 billion for the quarter, compared to the consensus estimate of $1.21 billion. RB Global had a return on equity of 12.37% and a net margin of 9.99%. On average, analysts predict that RB Global will post 4.06 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. Addison Advisors LLC acquired a new position in shares of RB Global in the second quarter worth $26,000. MV Capital Management Inc. acquired a new stake in shares of RB Global in the fourth quarter worth approximately $29,000. J.Safra Asset Management Corp purchased a new stake in RB Global in the second quarter valued at approximately $32,000. Bayban purchased a new stake in RB Global in the fourth quarter valued at approximately $34,000. Finally, Cassaday & Co Wealth Management LLC acquired a new position in RB Global during the first quarter worth approximately $43,000. 95.37% of the stock is owned by hedge funds and other institutional investors.

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.