Ryder System, Inc. Declares Quarterly Dividend of $0.81 (NYSE:R)

Ryder System, Inc. (NYSE:R - Get Free Report) declared a quarterly dividend on Monday, May 5th, Wall Street Journal reports. Investors of record on Monday, May 19th will be paid a dividend of 0.81 per share by the transportation company on Friday, June 20th. This represents a $3.24 annualized dividend and a yield of 2.22%. The ex-dividend date of this dividend is Monday, May 19th.

Ryder System has raised its dividend payment by an average of 10.1% per year over the last three years and has raised its dividend every year for the last 20 years. Ryder System has a dividend payout ratio of 22.0% indicating that its dividend is sufficiently covered by earnings. Analysts expect Ryder System to earn $16.41 per share next year, which means the company should continue to be able to cover its $3.24 annual dividend with an expected future payout ratio of 19.7%.

Ryder System Stock Up 3.2 %

R stock traded up $4.53 during trading on Thursday, reaching $145.78. 73,670 shares of the company traded hands, compared to its average volume of 310,800. The company has a market capitalization of $6.03 billion, a price-to-earnings ratio of 13.14 and a beta of 0.94. Ryder System has a 12 month low of $116.58 and a 12 month high of $171.78. The company has a debt-to-equity ratio of 2.14, a quick ratio of 0.75 and a current ratio of 0.75. The business has a 50 day simple moving average of $141.78 and a 200 day simple moving average of $153.69.

Ryder System (NYSE:R - Get Free Report) last announced its earnings results on Wednesday, April 23rd. The transportation company reported $2.46 earnings per share for the quarter, topping the consensus estimate of $2.40 by $0.06. The business had revenue of $3.13 billion during the quarter, compared to the consensus estimate of $3.17 billion. Ryder System had a return on equity of 17.23% and a net margin of 3.87%. The business's quarterly revenue was up 1.1% on a year-over-year basis. During the same period in the prior year, the company posted $2.14 EPS. On average, equities research analysts anticipate that Ryder System will post 13.68 earnings per share for the current fiscal year.

Insider Activity at Ryder System

In related news, Director E Follin Smith sold 1,243 shares of Ryder System stock in a transaction that occurred on Monday, May 5th. The shares were sold at an average price of $144.38, for a total transaction of $179,464.34. Following the transaction, the director now owns 39,802 shares of the company's stock, valued at $5,746,612.76. This trade represents a 3.03 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 5.20% of the company's stock.

Wall Street Analyst Weigh In

R has been the topic of a number of research reports. JPMorgan Chase & Co. lowered their target price on shares of Ryder System from $174.00 to $165.00 and set a "neutral" rating on the stock in a research report on Thursday, April 24th. StockNews.com lowered shares of Ryder System from a "buy" rating to a "hold" rating in a research report on Wednesday, March 26th. Finally, Stephens reduced their price target on shares of Ryder System from $168.00 to $150.00 and set an "equal weight" rating on the stock in a report on Friday, April 25th. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $160.50.

About Ryder System

Ryder System, Inc operates as a logistics and transportation company worldwide. It operates through three segments: Fleet Management Solutions (FMS), Supply Chain Solutions (SCS), and Dedicated Transportation Solutions (DTS). The FMS segment offers full-service leasing and leasing with flexible maintenance options; commercial vehicle rental services; and contract or transactional maintenance services of trucks, tractors, and trailers; access to diesel fuel; and fuel planning and tax reporting, cards, and monitoring services, and centralized billing, as well as sells used vehicles through its retail sales centers and www.ryder.com/used-trucks website, as well as digital and technology support services.