Ryder System Inc. Hikes Dividend to $0.44 Per Share

By Robert Baillieul, B.Comm. | July 17, 2016

New York, NY — For the 12th year in a row, Ryder System Inc. (NYSE:R) has elected to slightly raise its dividend.

The company declared a payout of $0.44 per share, to be paid on September 16 to stockholders of record as of August 22. That amount is $0.03, or 7.3%, higher than the previous distribution of $0.43 paid in mid-May. Shares of Ryder fell 0.2% in late trading after ending the regular session up 0.3%. (Source: “Ryder Increases Quarterly Cash Dividend,” Ryder Investor Relations, July 15, 2016.)

According to the company’s press release, the payment will represent Ryder’s 160th consecutive quarterly dividend. With the modest dividend hike, Ryder’s payout is increased to $1.76 per share annually. That yields 2.6% at Ryder’s most recent closing stock price of $67.97.

Sign up to receive our FREE Income Investors newsletter along with our special offers and get our FREE report:

5 Dividend Stocks to Own Forever

We hate spam as much as you do. Check out our privacy policy. This is an entirely free service. No credit card required. You can opt-out at anytime.

© Copyright 2024: Income Investors. All rights reserved. No part of this document may be used or reproduced in any manner or means, including print, electronic, mechanical, or by any information storage and retrieval system whatsoever, without written permission from the copyright holder.

Dear Reader: There is no magic formula to getting rich. Success in investment vehicles with the best prospects for price appreciation can only be achieved through proper and rigorous research and analysis. We are 100% independent in that we are not affiliated with any bank or brokerage house. Information contained herein, while believed to be correct, is not guaranteed as accurate. Warning: Investing often involves high risks and you can lose a lot of money. Please do not invest with money you cannot afford to lose. The opinions in this content are just that, opinions of the authors. We are a publishing company and the opinions, comments, stories, reports, advertisements and articles we publish are for informational and educational purposes only; nothing herein should be considered personalized investment advice. Before you make any investment, check with your investment professional (advisor). We urge our readers to review the financial statements and prospectus of any company they are interested in. We are not responsible for any damages or losses arising from the use of any information herein. Past performance is not a guarantee of future results. All registered trademarks are the property of their respective owners

Please wait...