Ritchie Bros. Auctioneers Stock To Go Ex-dividend Tomorrow (RBA)

NEW YORK ( TheStreet) -- The ex-dividend date for Ritchie Bros. Auctioneers (NYSE: RBA) is tomorrow, February 15, 2012. Owners of shares as of market close today will be eligible for a dividend of 11 cents per share. At a price of $24.42 as of 10:05 a.m. ET, the dividend yield is 1.9%.

The average volume for Ritchie Bros. Auctioneers has been 425,200 shares per day over the past 30 days. Ritchie Bros. Auctioneers has a market cap of $2.5 billion and is part of the services sector and diversified services industry. Shares are up 10.9% 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 40.1, above the average diversified services industry P/E ratio of 39.2 and above the S&P 500 P/E ratio of 17.7.

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 a generally disappointing performance in the stock itself, feeble growth in the company's earnings per share and deteriorating net income. You can view the full Ritchie Bros. Auctioneers Ratings Report.

See our dividend calendar or top-yielding stocks list.

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