Ritchie Bros. Auctioneers Inc (NYSE:RBA) (TSE:RBA) declared a quarterly dividend on Tuesday, January 30th, Wall Street Journal reports. Investors of record on Friday, February 16th will be given a dividend of 0.17 per share by the business services provider on Friday, March 9th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 2.16%. The ex-dividend date is Thursday, February 15th.

Ritchie Bros. Auctioneers has increased its dividend payment by an average of 8.0% annually over the last three years and has increased its dividend annually for the last 15 consecutive years. Ritchie Bros. Auctioneers has a payout ratio of 79.1% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings tumble. Equities research analysts expect Ritchie Bros. Auctioneers to earn $1.00 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 68.0%.

Ritchie Bros. Auctioneers (RBA) opened at $31.42 on Wednesday. The company has a current ratio of 1.20, a quick ratio of 1.11 and a debt-to-equity ratio of 1.11. The stock has a market capitalization of $3,314.16, a PE ratio of 36.81, a P/E/G ratio of 3.25 and a beta of 0.66. Ritchie Bros. Auctioneers has a fifty-two week low of $24.08 and a fifty-two week high of $35.21.

A number of research analysts recently issued reports on RBA shares. National Bank Financial increased their price objective on Ritchie Bros. Auctioneers from $30.50 to $35.00 and gave the stock an “outperform” rating in a report on Wednesday, January 10th. Jefferies Group reiterated a “hold” rating and set a $30.00 price objective on shares of Ritchie Bros. Auctioneers in a report on Thursday, January 18th. Scotiabank increased their price objective on Ritchie Bros. Auctioneers from $29.00 to $35.00 and gave the stock an “outperform” rating in a report on Wednesday, January 10th. Bank of America decreased their price objective on Ritchie Bros. Auctioneers from $22.50 to $21.50 and set an “underperform” rating for the company in a report on Thursday, November 16th. Finally, Raymond James Financial decreased their price objective on Ritchie Bros. Auctioneers from $29.00 to $26.50 and set a “market perform” rating for the company in a report on Monday, November 13th. Four research analysts have rated the stock with a sell rating, five have given a hold rating and five have given a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $31.39.

In related news, insider Karl William Werner sold 5,400 shares of the stock in a transaction that occurred on Friday, December 8th. The stock was sold at an average price of $28.68, for a total transaction of $154,872.00. Following the completion of the transaction, the insider now directly owns 5,400 shares of the company’s stock, valued at $154,872. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.39% of the company’s stock.

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About Ritchie Bros. Auctioneers

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.

Dividend History for Ritchie Bros. Auctioneers (NYSE:RBA)

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