Ryder System, Inc.Increases Quarterly Cash Dividend Once Again
In a recent press release, Ryder System, Inc.(NYSE: R) announced that its Board of Directors has approved an increase in the regular quarterly cash dividend to $0.81 per share of common stock.This new dividend represents a $0.10 increase from the previous dividend of $0.71, which had been in place since July 2023.The dividend is set to be paid on September 20, 2024, to shareholders of record as of August 19, 2024, marking Ryder’s 192nd consecutive quarterly cash dividend.
This announcement comes on the heels of continued strong performance by Ryder System Inc. with shares gaining 11.88% in the past 5 trading days and reaching their 52-week high.The company’s shares have also seen a 6.88% increase during the third quarter of 2024.
This news reflects Ryder’s commitment to delivering value to its shareholders and maintaining its reputation as a leader in supply chain, dedicated transportation, and fleet management solutions.Investors can look forward to a higher dividend payout and continued growth in the coming months.
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