Ritchie Bros. Auctioneers Inc (TSE:RBA) Increases Dividend to $0.22 Per Share

Ritchie Bros. Auctioneers Inc (TSE:RBA) (NYSE:RBA) declared a quarterly dividend on Wednesday, November 8th, Zacks reports. Shareholders of record on Wednesday, November 29th will be given a dividend of 0.219 per share on Wednesday, December 20th. This represents a $0.88 annualized dividend and a yield of 2.38%. The ex-dividend date is Tuesday, November 28th. This is a boost from Ritchie Bros. Auctioneers’s previous quarterly dividend of $0.17.

Shares of Ritchie Bros. Auctioneers (TSE RBA) traded up C$1.19 during mid-day trading on Friday, hitting C$36.84. The stock had a trading volume of 399,676 shares, compared to its average volume of 155,950. Ritchie Bros. Auctioneers has a 12 month low of C$30.63 and a 12 month high of C$52.26.

A number of brokerages have issued reports on RBA. TD Securities reduced their target price on Ritchie Bros. Auctioneers to C$29.00 and set a “reduce” rating on the stock in a report on Tuesday, October 10th. Scotiabank reaffirmed an “outperform” rating and set a C$42.50 price target on shares of Ritchie Bros. Auctioneers in a research report on Friday, October 20th. Raymond James Financial dropped their target price on Ritchie Bros. Auctioneers to C$36.00 and set a “market perform” rating on the stock in a research report on Tuesday, October 10th. Finally, National Bank Financial raised Ritchie Bros. Auctioneers from a “sector perform” rating to an “outperform” rating and lifted their target price for the company from C$28.00 to C$39.00 in a research report on Monday, November 20th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the company. Ritchie Bros. Auctioneers has a consensus rating of “Hold” and an average price target of C$38.33.

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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 (TSE:RBA)

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