Ritchie Bros. Auctioneers (RBA) Making Headlines Today

By Tamara Parker • Tuesday, January 23 04:33 • Permanent Link

RB Global, Inc. has declared a quarterly cash dividend of US$0.27 per common share, payable on March 1, 2024, to shareholders of record on February 9, 2024. This dividend is considered an eligible dividend for Canadian income tax purposes.

RB Global, Inc. (NYSE: RBA) (TSX: RBA) is a leading omnichannel marketplace that provides value-added insights, services, and transaction solutions for buyers and sellers of commercial assets and vehicles worldwide. The company's marketplace brands include Ritchie Bros., the world's largest auctioneer of commercial assets and vehicles offering online bidding, and IAA, a leading global digital marketplace connecting vehicle buyers and sellers. RB Global's portfolio of brands also includes Rouse Services, SmartEquip, XCira, and VeriTread.

In a statement, management commented on the dividend declaration and the company's outlook, saying, "We are pleased to announce the quarterly cash dividend, reflecting our commitment to delivering value to our shareholders. Despite the challenging market conditions, we remain confident in the strength of our business model and the long-term demand for our services globally."

The company's shares have moved -0.1%, and are now trading at a price of $63.94.

The company's full 8-K submission is available here.

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