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, May 16, 2012. Owners of shares as of market close today will be eligible for a dividend of 11 cents per share. At a price of $20.27 as of 9:30 a.m. ET, the dividend yield is 2.2%.

The average volume for Ritchie Bros. Auctioneers has been 449,700 shares per day over the past 30 days. Ritchie Bros. Auctioneers has a market cap of $2.19 billion and is part of the services sector and diversified services industry. Shares are down 7.7% 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. The company has a P/E ratio of 28.2, equal to the average diversified services industry P/E ratio and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Ritchie Bros. Auctioneers as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, increase in net income, expanding profit margins, good cash flow from operations and growth in earnings per share. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself. You can view the full Ritchie Bros. Auctioneers Ratings Report.

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