Ryder System, Inc. (NYSE:R) announced a dividend on Friday, February 8th, Fidelity reports. Shareholders of record on Tuesday, February 19th will be given a dividend of 0.54 per share by the transportation company on Friday, March 15th. The ex-dividend date is Friday, February 15th.
Ryder System has increased its dividend by an average of 10.8% annually over the last three years and has increased its dividend annually for the last 10 consecutive years. Ryder System has a dividend payout ratio of 37.4% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Ryder System to earn $6.27 per share next year, which means the company should continue to be able to cover its $2.16 annual dividend with an expected future payout ratio of 34.4%.
R stock opened at $57.92 on Friday. The company has a quick ratio of 0.64, a current ratio of 0.67 and a debt-to-equity ratio of 1.86. The firm has a market cap of $3.07 billion, a price-to-earnings ratio of 10.85 and a beta of 1.72. Ryder System has a 52-week low of $44.80 and a 52-week high of $85.13.
In other news, EVP John J. Gleason sold 12,795 shares of Ryder System stock in a transaction on Tuesday, November 27th. The stock was sold at an average price of $55.14, for a total value of $705,516.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 2.27% of the company’s stock.
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About Ryder System
Ryder System, Inc provides transportation and supply chain management solutions worldwide. The company operates through three segments: Fleet Management Solutions (FMS), Dedicated Transportation Solutions (DTS), and Supply Chain Solutions (SCS). The FMS segment offers full service leasing and leasing with flexible maintenance options, as well as maintenance services, supplies, and related equipment for operation of the vehicles; commercial vehicle rental services; and contract or transactional maintenance services of trucks, tractors, and trailers, as well as ancillary maintenance and fleet support services.
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