Ritchie Bros. Declares Quarterly Dividend

Rhea-AI Summary

Ritchie Bros (NYSE: RBA) has declared a quarterly cash dividend of US$0.27 per common share, payable on March 3, 2023. Shareholders of record as of February 10, 2023 will receive this dividend, which is an eligible dividend for Canadian income tax purposes. Established in 1958, Ritchie Bros is a global asset management company specializing in the auction and sale of used heavy equipment across various sectors including construction and agriculture. The company offers diverse selling channels, ensuring a comprehensive approach to asset disposition and management.

Positive

• Quarterly dividend of US$0.27 provides income to shareholders.
• Dividends are eligible for Canadian tax benefits, encouraging investor confidence.

Negative

• None.

News Market Reaction

+0.64%

1 alert

+0.64% News Effect

On the day this news was published, RBA gained 0.64%, reflecting a mild positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

VANCOUVER, BC, Jan. 16, 2023 /PRNewswire/ - Ritchie Bros. (NYSE: RBA) (TSX: RBA) announces that its Board of Directors has declared a quarterly cash dividend of US$0.27 per common share, payable on March 3, 2023 to shareholders of record on February 10, 2023.  This dividend is considered an eligible dividend for Canadian income tax purposes.

About Ritchie Bros.:
Established in 1958, Ritchie Bros. (NYSE and TSX: RBA) is a global asset management and disposition company, offering customers end-to-end solutions for buying and selling used heavy equipment, trucks and other assets. Operating in a number of sectors, including construction, transportation, agriculture, energy, mining, and forestry, the company's selling channels include: Ritchie Bros. Auctioneers, the world's largest industrial auctioneer offering live auction events with online bidding; IronPlanet, an online marketplace with weekly featured auctions and providing the exclusive IronClad Assurance® equipment condition certification; Marketplace-E, a controlled marketplace offering multiple price and timing options; Ritchie List, a self-serve listing service for North America; Mascus, a leading European online equipment listing service; Ritchie Bros. Private Treaty, offering privately negotiated sales; and sector-specific solutions GovPlanet, TruckPlanet, and Ritchie Bros. Energy. The Company's suite of solutions also includes Ritchie Bros. Asset Solutions and Rouse Services LLC, which together provides a complete end-to-end asset management, data-driven intelligence and performance benchmarking system; SmartEquip, an innovative technology platform that supports customers' management of the equipment lifecycle and integrates parts procurement with both OEMs and dealers; plus equipment financing and leasing through Ritchie Bros. Financial Services. For more information about Ritchie Bros., visit RitchieBros.com.

View original content:https://www.prnewswire.com/news-releases/ritchie-bros-declares-quarterly-dividend-301721904.html

SOURCE Ritchie Bros. Auctioneers

FAQ

What is the dividend amount declared by Ritchie Bros?

Ritchie Bros has declared a dividend of US$0.27 per common share.

When is the dividend payment date for RBA shares?

The dividend payment date is March 3, 2023.

Who is eligible to receive the Ritchie Bros dividend?

Shareholders of record as of February 10, 2023, are eligible to receive the dividend.

Is the Ritchie Bros dividend eligible for Canadian tax purposes?

Yes, the declared dividend is considered an eligible dividend for Canadian income tax purposes.