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

by · The Cerbat Gem

Ryder System, Inc. (NYSE:R – Get Free Report) announced a quarterly dividend on Wednesday, October 9th, Zacks reports. Investors of record on Monday, November 18th will be paid a dividend of 0.81 per share by the transportation company on Friday, December 20th. This represents a $3.24 dividend on an annualized basis and a dividend yield of 2.19%. The ex-dividend date of this dividend is Monday, November 18th.

Ryder System has increased its dividend payment by an average of 5.9% annually over the last three years and has raised its dividend every year for the last 20 years. Ryder System has a payout ratio of 23.5% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Ryder System to earn $14.32 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 22.6%.

Ryder System Stock Performance

R stock traded up $1.45 during midday trading on Friday, reaching $148.00. 984 shares of the company’s stock traded hands, compared to its average volume of 258,741. The firm has a market capitalization of $6.41 billion, a PE ratio of 13.42 and a beta of 1.28. The company has a 50-day moving average price of $139.92 and a two-hundred day moving average price of $128.75. Ryder System has a 52 week low of $91.31 and a 52 week high of $150.00. The company has a debt-to-equity ratio of 2.09, a quick ratio of 0.74 and a current ratio of 0.74.

Ryder System (NYSE:R – Get Free Report) last issued its quarterly earnings data on Thursday, July 25th. The transportation company reported $3.00 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.87 by $0.13. Ryder System had a return on equity of 17.22% and a net margin of 4.06%. The business had revenue of $3.18 billion for the quarter, compared to analysts’ expectations of $3.24 billion. During the same quarter in the prior year, the firm posted $3.61 EPS. The firm’s quarterly revenue was up 10.3% on a year-over-year basis. As a group, equities analysts anticipate that Ryder System will post 12.2 EPS for the current year.

Analysts Set New Price Targets

Several brokerages recently commented on R. Vertical Research raised shares of Ryder System from a “hold” rating to a “buy” rating and boosted their price objective for the company from $125.00 to $145.00 in a research note on Friday, June 14th. JPMorgan Chase & Co. decreased their price target on shares of Ryder System from $126.00 to $125.00 and set a “neutral” rating on the stock in a report on Tuesday, July 9th. StockNews.com lowered Ryder System from a “buy” rating to a “hold” rating in a research note on Monday. Stephens started coverage on Ryder System in a research note on Monday, July 8th. They issued an “equal weight” rating on the stock. Finally, Morgan Stanley started coverage on Ryder System in a research report on Monday, June 24th. They set an “overweight” rating and a $165.00 price target for the company. Four research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $137.86.

Read Our Latest Research Report on Ryder System

Insiders Place Their Bets

In other news, EVP Francisco Jr. Lopez sold 12,730 shares of the firm’s stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $139.32, for a total transaction of $1,773,543.60. Following the transaction, the executive vice president now directly owns 47,779 shares of the company’s stock, valued at approximately $6,656,570.28. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 5.10% of the stock is owned by insiders.

About Ryder System

(Get Free Report)

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.

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