The company declared a quarterly cash dividend of $0.1125 per common share payable on March 9, 2012 to shareholders of record on February 17, 2012. In 2011, the company paid approximately $46.2 million in regular cash dividends, a 7% increase over 2010.
Ritchie Bros. sold over $1.1 billion of equipment, trucks and other assets to online bidders during 2011, representing a 29% increase compared to 2010 and a record for the company. Internet bidders made up more than half of the total bidder registrations at Ritchie Bros. industrial auctions during 2011. Since launching its real-time online bidding service in 2002, the company has now sold over $5.3 billion worth of trucks, equipment, and other assets to online bidders, confirming Ritchie Bros.' position as the world's largest seller of used equipment and trucks to online buyers.
The Ritchie Bros. website (rbauction.com) attracted almost 4 million unique visitors in 2011, a 25% increase compared to last year, and they made over 10 million visits to the website, 25% more than in 2010. Visits from non-English speakers increased by 22% compared to 2010.
The launch of the company's detailed equipment information program on July 1, 2011 has increased time-on-site significantly. Website users are spending on average 29% more time on the company's website than before the launch of detailed equipment information. Additionally, the company launched a mobile version of rbauction.com in November 2011 to facilitate easier mobile internet usage for customers.