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

Ryder System, Inc. (NYSE:R - Get Free Report) announced a quarterly dividend on Friday, February 7th,RTT News reports. Investors of record on Tuesday, February 18th will be given a dividend of 0.81 per share by the transportation company on Friday, March 21st. This represents a $3.24 dividend on an annualized basis and a dividend yield of 2.05%. The ex-dividend date of this dividend is Tuesday, February 18th.

Ryder System has increased its dividend payment by an average of 10.1% per year over the last three years. Ryder System has a payout ratio of 20.3% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Ryder System to earn $13.70 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 23.6%.

Ryder System Stock Performance

Shares of Ryder System stock traded up $0.85 on Tuesday, reaching $158.36. 410,700 shares of the stock were exchanged, compared to its average volume of 335,487. The company has a quick ratio of 0.74, a current ratio of 0.74 and a debt-to-equity ratio of 2.17. Ryder System has a twelve month low of $106.62 and a twelve month high of $171.78. The firm has a market capitalization of $6.70 billion, a price-to-earnings ratio of 14.81 and a beta of 1.29. The business has a 50 day moving average price of $160.54 and a two-hundred day moving average price of $151.34.

Analyst Upgrades and Downgrades

R has been the subject of a number of analyst reports. The Goldman Sachs Group boosted their price target on Ryder System from $160.00 to $183.00 and gave the company a "buy" rating in a report on Thursday, December 12th. StockNews.com downgraded Ryder System from a "buy" rating to a "hold" rating in a research note on Tuesday, October 29th. Finally, JPMorgan Chase & Co. reduced their target price on Ryder System from $148.00 to $144.00 and set a "neutral" rating for the company in a research note on Friday, October 25th. Four equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $147.43.

Ryder System Company Profile

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.