Ryder System, Inc. (NYSE:R) announced a quarterly dividend on Monday, February 12th, RTT News reports. Investors of record on Tuesday, February 20th will be given a dividend of 0.52 per share by the transportation company on Friday, March 16th. This represents a $2.08 annualized dividend and a dividend yield of 2.58%. This is an increase from Ryder System’s previous quarterly dividend of $0.46.

Ryder System has raised its dividend by an average of 8.2% annually over the last three years and has raised its dividend every year for the last 9 years. Ryder System has a dividend payout ratio of 40.8% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Ryder System to earn $5.87 per share next year, which means the company should continue to be able to cover its $1.84 annual dividend with an expected future payout ratio of 31.3%.

Shares of Ryder System (NYSE:R) opened at $80.67 on Monday. Ryder System has a fifty-two week low of $62.52 and a fifty-two week high of $90.26. The company has a debt-to-equity ratio of 2.39, a current ratio of 1.02 and a quick ratio of 0.96. The company has a market capitalization of $4,271.29, a P/E ratio of 19.12, a P/E/G ratio of 0.92 and a beta of 1.41.

R has been the subject of several recent analyst reports. Buckingham Research raised their target price on Ryder System from $92.00 to $93.00 and gave the stock a “buy” rating in a research note on Wednesday, October 25th. ValuEngine cut Ryder System from a “buy” rating to a “hold” rating in a research note on Friday, November 10th. Zacks Investment Research raised Ryder System from a “hold” rating to a “buy” rating and set a $100.00 target price for the company in a research note on Monday, January 15th. Finally, Stifel Nicolaus reissued a “hold” rating and set a $86.00 target price on shares of Ryder System in a research note on Thursday, January 18th. Five investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $88.71.

Ryder System announced that its board has initiated a stock repurchase program on Thursday, December 14th that allows the company to buyback 1,500,000 shares. This buyback authorization allows the transportation company to buy shares of its stock through open market purchases. Shares buyback programs are usually an indication that the company’s leadership believes its shares are undervalued.

In other news, EVP John J. Gleason sold 8,760 shares of the firm’s stock in a transaction on Thursday, November 16th. The stock was sold at an average price of $78.30, for a total transaction of $685,908.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Robert D. Fatovic sold 17,755 shares of the firm’s stock in a transaction on Thursday, November 30th. The stock was sold at an average price of $82.44, for a total value of $1,463,722.20. The disclosure for this sale can be found here. 1.95% of the stock is owned by company insiders.

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Ryder System Company Profile

Ryder System, Inc is engaged in offering transportation and supply chain management solutions. The Company operates through three segments: Fleet Management Solutions (FMS), which provides leasing, commercial rental, contract maintenance, and contract-related maintenance of trucks, tractors and trailers to customers principally in the United States, Canada and the United Kingdom; Dedicated Transportation Solutions (DTS), which provides vehicles and drivers as part of a dedicated transportation solution in the United States, and Supply Chain Solutions (SCS), which provides supply chain solutions, including distribution and transportation services in North America and Asia.

Dividend History for Ryder System (NYSE:R)

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