Ryder System, Inc. Declares Dividend of $0.54 (R)

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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.

R has been the subject of several recent analyst reports. Mizuho reissued a “buy” rating on shares of Ryder System in a research note on Tuesday, October 30th. Loop Capital raised Ryder System from a “hold” rating to a “buy” rating and set a $78.00 target price for the company in a research note on Thursday, October 25th. SunTrust Banks initiated coverage on Ryder System in a research note on Wednesday, December 12th. They set a “buy” rating and a $63.00 target price for the company. Deutsche Bank cut their target price on Ryder System from $88.00 to $77.00 and set a “buy” rating for the company in a research note on Monday, December 3rd. Finally, Stifel Nicolaus raised Ryder System from a “hold” rating to a “buy” rating and cut their target price for the stock from $81.00 to $69.00 in a research note on Thursday, November 29th. Three research analysts have rated the stock with a sell rating, three have assigned a hold rating and nine have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $76.50.

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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Dividend History for Ryder System (NYSE:R)

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