Ryder System, Inc.Boosts Quarterly Cash Dividend to Shareholders
In a press release dated October 12, 2023, Ryder System, Inc.announced its continued strong performance with the declaration of a regular quarterly cash dividend of $0.81 per share of common stock.This marks an increase of $0.10 from the previous quarterly dividend of $0.71, reflecting the company’s ongoing commitment to delivering value to its shareholders.
As of the first quarter of 2024, Ryder System Inc.’s 12 Months dividend pay out ratio has sequentially increased to 36.52, although it remains below the sector average.When compared to its peers in the Services sector, Ryder ranks higher than 553 other companies as of the fourth quarter of 2023.Additionally, 61 companies in the sector boast a higher 12 Months dividend pay out ratio than Ryder.
This latest dividend announcement underscores Ryder’s dedication to providing consistent returns to its shareholders while maintaining strong financial performance.With a track record of 192 consecutive quarterly cash dividends, Ryder System, Inc.continues to demonstrate its commitment to delivering value and growth for its investors.
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