Investors interested in RB Global's forthcoming dividend payment have a deadline approaching. To be eligible for the December 21st payout, shareholders need to purchase the company's shares by November 29th UTC. The upcoming dividend is set at $0.27 per share, contributing to an annual total of $1.08.
Currently, RB Global's shares are trading at $62.15, yielding approximately 1.7%. However, a detailed financial analysis has raised some concerns. The company's payout ratios have been reported to exceed its profits by 111% and its cash flow by 119%. This has sparked discussions about the sustainability of future dividends.
Despite these concerns, RB Global has maintained a consistent track record of increasing its annual dividend over the last decade, with an average growth rate of 8.2%. Yet, this performance is juxtaposed with a modest average annual rise in earnings per share (EPS) of just 2.5% over the past five years.
Investors and analysts are keeping a close watch on these financial indicators as they consider the implications for RB Global's dividend prospects.
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