Ryder System, Inc. (R) to Issue Quarterly Dividend of $0.46 on December 15th
Ryder System, Inc. (NYSE:R) announced a quarterly dividend on Friday, October 6th, RTT News reports. Investors of record on Monday, November 20th will be given a dividend of 0.46 per share by the transportation company on Friday, December 15th. This represents a $1.84 annualized dividend and a dividend yield of 2.36%. The ex-dividend date is Friday, November 17th.
Ryder System has increased its dividend payment by an average of 9.4% per year over the last three years and has raised its dividend annually for the last 8 consecutive years. Ryder System has a dividend payout ratio of 40.9% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Ryder System to earn $5.31 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 34.7%.
Shares of Ryder System (NYSE R) opened at $77.97 on Thursday. The company has a debt-to-equity ratio of 2.39, a quick ratio of 0.96 and a current ratio of 1.02. Ryder System has a 1 year low of $62.52 and a 1 year high of $85.50. The stock has a market capitalization of $4,198.75, a PE ratio of 18.79, a P/E/G ratio of 1.17 and a beta of 1.51.
Ryder System (NYSE:R) last announced its quarterly earnings results on Tuesday, October 24th. The transportation company reported $1.33 EPS for the quarter, beating analysts’ consensus estimates of $1.29 by $0.04. Ryder System had a return on equity of 10.72% and a net margin of 2.75%. The company had revenue of $1.85 billion during the quarter, compared to analyst estimates of $1.80 billion. During the same period in the prior year, the company earned $1.67 earnings per share. The firm’s revenue was up 7.2% on a year-over-year basis. analysts forecast that Ryder System will post 4.5 EPS for the current fiscal year.
In other Ryder System news, insider Dennis C. Cooke sold 32,328 shares of the firm’s stock in a transaction on Tuesday, October 31st. The stock was sold at an average price of $81.46, for a total transaction of $2,633,438.88. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider John S. Sensing sold 4,502 shares of Ryder System stock in a transaction on Thursday, August 24th. The shares were sold at an average price of $73.01, for a total value of $328,691.02. The disclosure for this sale can be found here. Insiders have sold a total of 41,620 shares of company stock worth $3,353,856 over the last 90 days. 1.95% of the stock is currently owned by company insiders.
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Several research firms have recently issued reports on R. Buckingham Research raised their price objective on Ryder System from $92.00 to $93.00 and gave the company a “buy” rating in a research note on Wednesday, October 25th. ValuEngine downgraded Ryder System from a “buy” rating to a “hold” rating in a report on Friday, November 10th. BidaskClub downgraded Ryder System from a “buy” rating to a “hold” rating in a report on Sunday, July 30th. Zacks Investment Research upgraded Ryder System from a “hold” rating to a “buy” rating and set a $92.00 price target on the stock in a report on Tuesday, October 31st. Finally, Aegis reiterated a “buy” rating and issued a $91.00 price target (up from $84.00) on shares of Ryder System in a report on Tuesday, October 10th. Six equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $85.00.
About Ryder System
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.
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