RB Global, Inc. (RBA) To Go Ex-Dividend on February 6th

RB Global, Inc. (NYSE:RBA) (TSE:RBA) declared a quarterly dividend on Monday, January 20th,Wall Street Journal reports. Shareholders of record on Thursday, February 6th will be given a dividend of 0.29 per share by the business services provider on Monday, March 3rd. This represents a $1.16 dividend on an annualized basis and a yield of 1.28%. The ex-dividend date is Thursday, February 6th.

RB Global has raised its dividend by an average of 6.0% annually over the last three years and has increased its dividend annually for the last 20 consecutive years. RB Global has a payout ratio of 28.1% meaning its dividend is sufficiently covered by earnings. Equities analysts expect RB Global to earn $2.50 per share next year, which means the company should continue to be able to cover its $1.16 annual dividend with an expected future payout ratio of 46.4%.

RB Global Stock Up 1.7 %

Shares of RB Global stock opened at $90.80 on Wednesday. The firm has a market cap of $16.77 billion, a PE ratio of 49.35, a P/E/G ratio of 3.36 and a beta of 0.96. RB Global has a 52-week low of $60.84 and a 52-week high of $99.79. The business’s 50 day simple moving average is $93.09 and its 200 day simple moving average is $86.19. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.17 and a current ratio of 1.28.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the company. CIBC raised their price objective on RB Global from $102.00 to $109.00 and gave the company an “outperformer” rating in a report on Thursday, December 12th. Royal Bank of Canada raised their target price on shares of RB Global from $99.00 to $107.00 and gave the stock an “outperform” rating in a research note on Monday, November 11th. StockNews.com cut shares of RB Global from a “buy” rating to a “hold” rating in a report on Wednesday, January 15th. BMO Capital Markets upped their target price on RB Global from $105.00 to $107.00 and gave the company an “outperform” rating in a research report on Monday, November 11th. Finally, Robert W. Baird lifted their price objective on shares of RB Global from $86.00 to $100.00 and gave the company an “outperform” rating in a research note on Monday, November 11th. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, RB Global presently has a consensus rating of “Moderate Buy” and a consensus price target of $100.36.

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.