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

RB Global, Inc. (NYSE:RBA) (TSE:RBA) declared a quarterly dividend on Friday, May 1st. Shareholders 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) annualized dividend and a dividend yield of 1.2%. The ex-dividend date is Wednesday, May 27th.

RB Global has increased its dividend payment by an average of 0.1%annually over the last three years and has raised its dividend every year for the last 20 years. RB Global has a dividend payout ratio of 30.5% meaning its dividend is sufficiently covered by earnings. Research 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 Trading Up 0.1%

NYSE RBA opened at $104.79 on Monday. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.07 and a current ratio of 1.14. The firm has a market cap of $19.48 billion, a PE ratio of 48.74, a P/E/G ratio of 1.67 and a beta of 0.57. RB Global has a one year low of $93.58 and a one year high of $119.58. The firm’s fifty day moving average is $101.30 and its two-hundred day moving average is $103.70.

RB Global (NYSE:RBA) (TSE:RBA) last posted its quarterly earnings data on Monday, May 4th. The business services provider reported $1.01 EPS for the quarter, beating analysts’ consensus estimates of $0.97 by $0.04. RB Global had a net margin of 9.55% and a return on equity of 12.33%. The company had revenue of $1.21 billion for the quarter, compared to analyst estimates of $1.13 billion. During the same period in the previous year, the business posted $0.89 earnings per share. RB Global’s quarterly revenue was up 11.4% on a year-over-year basis. Analysts expect that RB Global will post 4.09 earnings per share for the current year.

Insider Buying and Selling

In other news, Director Deborah Stein acquired 425 shares of RB Global stock in a transaction that occurred on Tuesday, May 19th. The stock was purchased at an average price of $103.15 per share, for a total transaction of $43,838.75. Following the completion of the transaction, the director directly owned 1,825 shares in the company, valued at approximately $188,248.75. This trade represents a 30.36% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.57% of the stock is currently owned by insiders.

Institutional Investors Weigh In On RB Global

Several institutional investors have recently modified their holdings of RBA. MV Capital Management Inc. purchased a new stake in shares of RB Global during the 4th quarter worth approximately $29,000. Bayban purchased a new stake in shares of RB Global during the 4th quarter worth approximately $34,000. Central Pacific Bank Trust Division boosted its stake in shares of RB Global by 41.8% during the 4th quarter. Central Pacific Bank Trust Division now owns 363 shares of the business services provider’s stock worth $37,000 after acquiring an additional 107 shares in the last quarter. Cassaday & Co Wealth Management LLC purchased a new stake in shares of RB Global during the 1st quarter worth approximately $43,000. Finally, State of Wyoming purchased a new stake in shares of RB Global during the 2nd quarter worth approximately $46,000. Hedge funds and other institutional investors own 95.37% of the company’s stock.

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.