NEW YORK ( TheStreet) -- The ex-dividend date for Ritchie Bros. Auctioneers (NYSE: RBA) is tomorrow, November 16, 2011. Owners of shares as of market close today will be eligible for a dividend of 11 cents per share. At a price of $19.79 as of 9:31 a.m. ET, the dividend yield is 2.2%.

The average volume for Ritchie Bros. Auctioneers has been 550,600 shares per day over the past 30 days. Ritchie Bros. Auctioneers has a market cap of $2.2 billion and is part of the services sector and diversified services industry. Shares are down 13.8% year to date as of the close of trading on Monday.

Ritchie Bros. Auctioneers Incorporated, an industrial auctioneer, sells various equipment to on-site and online bidders worldwide. The company has a P/E ratio of 34.2, equal to the average diversified services industry P/E ratio and above the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates Ritchie Bros. Auctioneers as a hold. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including feeble growth in the company's earnings per share, deteriorating net income and disappointing return on equity. You can view the full Ritchie Bros. Auctioneers Ratings Report.

See our dividend calendar or top-yielding stocks list.
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