RB Global (RBA) Declares $0.31 Quarterly Dividend with 1.09% Yield
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 2h ago
0mins
Source: seekingalpha
- Quarterly Dividend Announcement: RB Global declares a quarterly dividend of $0.31 per share, consistent with previous distributions, indicating stable cash flow and shareholder return strategies that are likely to bolster investor confidence.
- Yield Performance: The forward yield of 1.09% provides relative attractiveness in the current market environment, potentially drawing in income-seeking investors and enhancing the stock's appeal.
- Shareholder Record Date: The dividend is payable on March 2, with a record date of February 9 and an ex-dividend date also on February 9, ensuring shareholders receive timely returns and reinforcing trust in the company.
- EBITDA Guidance Upgrade: RB Global raises its 2025 adjusted EBITDA guidance to $1.35 billion to $1.38 billion, reflecting the successful implementation of a new GSA contract, which further solidifies the company's market position in the automotive platform sector.
Analyst Views on RBA
Wall Street analysts forecast RBA stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for RBA is 127.00 USD with a low forecast of 114.00 USD and a high forecast of 137.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
6 Analyst Rating
6 Buy
0 Hold
0 Sell
Strong Buy
Current: 112.890
Low
114.00
Averages
127.00
High
137.00
Current: 112.890
Low
114.00
Averages
127.00
High
137.00
About RBA
RB Global, Inc. is an omnichannel marketplace that provides value-added insights, services and transaction solutions for buyers and sellers of commercial assets and vehicles worldwide. Through its global network of auction sites and digital platform, the Company serves customers worldwide across a variety of asset classes, including automotive, construction, commercial transportation, government surplus, lifting and material handling, energy, mining and agriculture. The Company’s end-to-end marketplace solutions include Ritchie Bros., IAA, Rouse Services, SmartEquip and VeriTread. Rouse Services provides a complete end-to-end asset management, data-driven intelligence and performance benchmarking system. SmartEquip is a technology platform that supports customers' management of the equipment lifecycle and integrates parts procurement with both original equipment manufacturers and dealers. VeriTread is an online marketplace for heavy haul transport.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
