Ritchie Bros. Declares Quarterly Dividend

Rhea-AI Summary

Ritchie Bros (NYSE: RBA) has declared a quarterly cash dividend of US$0.22 per common share, payable on March 5, 2021, to shareholders of record on February 12, 2021. This dividend qualifies as an eligible dividend for Canadian income tax purposes. The company, established in 1958, provides comprehensive asset management and disposition services across various sectors, including construction and energy, through multiple selling platforms such as live auctions and online marketplaces.

Positive

• Quarterly cash dividend of US$0.22 announced, enhancing shareholder income.
• The dividend payment reflects company confidence in financial stability.

Negative

• None.

VANCOUVER, BC, Jan. 25, 2021 /PRNewswire/ - Ritchie Bros. (NYSE: RBA) (TSX: RBA) announces that its Board of Directors has declared a quarterly cash dividend of US$0.22 per common share, payable on March 5, 2021 to shareholders of record on February 12, 2021.  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, oil and gas, mining, and forestry, the company's selling channels include: Ritchie Bros. Auctioneers, the world's largest industrial auctioneer offers live auction events with online bidding; IronPlanet, an online marketplace with featured weekly auctions and providing the exclusive IronClad Assurance® equipment condition certification; Marketplace-E, a controlled marketplace offering multiple price and timing options; Mascus, a leading European online equipment listing service; and Ritchie Bros. Private Treaty, offering privately negotiated sales. The Company's suite of solutions also include Ritchie Bros. Asset Solutions and Rouse Services LLC, which together provide a complete end-to-end asset management, data-driven intelligence and performance benchmarking system. Ritchie Bros. also offers sector-specific solutions including GovPlanet, TruckPlanet, and Kruse Energy, 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 Ritchie Bros dividend amount and payment date?

Ritchie Bros has declared a dividend of US$0.22 per share, payable on March 5, 2021.

When is the record date for the Ritchie Bros dividend?

The record date for the Ritchie Bros dividend is February 12, 2021.

Is the Ritchie Bros dividend eligible for Canadian income tax?

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

How often does Ritchie Bros declare dividends?

Ritchie Bros typically declares dividends on a quarterly basis.