Ritchie Bros. Declares Quarterly Dividend

Rhea-AI Summary

The Board of Directors of Ritchie Bros (NYSE: RBA) has declared a quarterly cash dividend of US$0.25 per common share, payable on March 4, 2022. Shareholders of record as of February 11, 2022 will qualify for this dividend, which is recognized as an eligible dividend for Canadian tax purposes. Established in 1958, Ritchie Bros is a global leader in asset management and sales, providing end-to-end solutions for buying and selling heavy equipment across various sectors including construction and transportation.

Positive

• Quarterly cash dividend of US$0.25 enhances income for shareholders.
• Dividend expected to boost investor confidence.

Negative

• None.

VANCOUVER, BC, Jan. 13, 2022 /PRNewswire/ - Ritchie Bros. (NYSE: RBA) (TSX: RBA) announces that its Board of Directors has declared a quarterly cash dividend of US$0.25 per common share, payable on March 4, 2022 to shareholders of record on February 11, 2022.  This dividend is considered an eligible dividend for Canadian income tax purposes.

About Ritchie Bros.:
Established in 1958, Ritchie Bros. (NYSE: RBA) (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 Kruse 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.

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SOURCE Ritchie Bros. Auctioneers

FAQ

What is the dividend amount declared by Ritchie Bros?

Ritchie Bros declared a quarterly cash dividend of US$0.25 per common share.

When will the dividend be paid to shareholders of Ritchie Bros?

The dividend will be paid on March 4, 2022.

What is the record date for the Ritchie Bros dividend?

The record date for the dividend is February 11, 2022.

Is the Ritchie Bros dividend eligible for Canadian income tax?

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

How does the dividend impact Ritchie Bros stock performance?

The dividend can enhance investor confidence and potentially support stock performance.