RB Global Raises Quarterly Dividend 6.5% to $0.33

RB Global Inc. raised its quarterly dividend 6.5% to $0.33 per share from $0.31, extending its dividend-growth streak to 22 years. The latest listed ex-dividend date was August 25, 2026, and the new rate equates to an annual dividend of $1.32 per share.

Why the dividend changed

RB Global’s dividend declaration did not identify a single reason for the increase. Its subsequent results provide the context: earnings improved, management raised its full-year outlook and the company continued returning capital through both dividends and share repurchases.

Gross transaction value and revenue each increased 11% year over year in the second quarter. Net income rose 31%, while adjusted EBITDA increased 6%. RB Global raised its full-year gross transaction value growth outlook to 9% to 11% from 6% to 9% and set adjusted EBITDA guidance at $1.495 billion to $1.545 billion, according to its second-quarter results.

Chief Financial Officer Eric Guerin attributed the earnings growth to Automotive performance, acquisition contributions and cost discipline. He also said RB Global was continuing to invest while returning capital through a growing dividend and share repurchases. The company repurchased about 1.5 million shares during the quarter for $150 million.

The BigIron acquisition also expanded RB Global’s position in the U.S. agriculture market. Management said BigIron broadened its customer reach, while recent acquisitions contributed to transaction growth. These developments indicate that the increase accompanied stronger earnings and a broader marketplace rather than a split, spin-off or restructuring.

Dividend track record

The recent payment sequence shows steady increases in the regular quarterly rate. RB Global paid $0.27 on ex-dividend dates in February and May 2024, moved to $0.29 in August 2024 and maintained that rate through May 2025. It then paid $0.31 on the May 27, 2026 ex-dividend date before moving to $0.33 on August 25, 2026.

Annual totals rose from $0.84 in 2020 to $0.94 in 2021, an increase of 11.9%, and then to $1.04 in 2022, up 10.6%. The 2023 total jumped 107.7% to $2.16 across five payments. That year was exceptional because the total included a special dividend tied to the IAA acquisition, according to RB Global’s 2023 quarterly filing.

The annual total subsequently fell 48.2% to $1.12 in 2024 as the special distribution did not recur. The 2025 line contains two payments totaling $0.58, also down 48.2%. Those declines reflect the number and type of recorded payments, not a reduction in the regular quarterly rate. The underlying per-payment record supports the stated 22-year growth streak.

Is the dividend covered?

The dividend consumes 53% of earnings. That level means slightly more than half of reported profit supports the distribution while the remainder can fund operations, acquisitions, debt service and other capital returns.

SmarterDividends rates the dividend A with a safety score of 92. The grade means very safe within the score 80-100 range. It reflects strong earnings coverage and the established growth record, although the board retains discretion over every future declaration.

Yield and valuation

At a share price of $82.64, the annual dividend of $1.32 produces a 1.59% forward yield. That is slightly below the Industrials sector median forward yield of 1.61%, so the increase brings the income rate close to the sector benchmark without moving it above the median.

SmarterDividends estimates fair value at $63.00 and classifies the shares as overvalued. The valuation assessment is separate from the A safety grade: one measures the market price against estimated value, while the other evaluates the dividend’s coverage and dependability.

What to watch

The next board declaration will establish the following quarterly timetable. The most recent listed ex-dividend date was August 25, 2026, so the next declaration will be the relevant source for a new ex-dividend and payment schedule.

The next quarterly report will show whether Automotive growth, acquisition contributions and cost discipline continue to support management’s raised full-year guidance. BigIron’s contribution, transaction volumes in heavy equipment and transportation, and the service-revenue take rate are specific operating measures to monitor.

Capital allocation also extends beyond the dividend. RB Global expanded its share-repurchase authorization from $500 million to $1 billion in September 2026. The program runs through March 17, 2027, unless completed or ended earlier, making the pace of repurchases another relevant use of cash alongside acquisitions and quarterly distributions.