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

Ryder System, Inc. (NYSE:R) announced a quarterly dividend on Friday, February 7th,RTT News reports. Investors of record on Tuesday, February 18th will be paid 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 yield of 1.95%. The ex-dividend date of this dividend is Tuesday, February 18th.

Ryder System has raised its dividend by an average of 10.1% 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 20.3% meaning its dividend is sufficiently covered by earnings. 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 Up 3.3 %

R stock opened at $166.37 on Friday. Ryder System has a one year low of $106.62 and a one year high of $171.78. The stock has a market capitalization of $7.04 billion, a PE ratio of 15.56 and a beta of 1.29. The company has a debt-to-equity ratio of 2.17, a quick ratio of 0.74 and a current ratio of 0.74. The company has a fifty day moving average of $160.29 and a 200-day moving average of $151.98.

Ryder System (NYSE:R) last released its earnings results on Wednesday, February 12th. The transportation company reported $3.45 EPS for the quarter, topping the consensus estimate of $3.39 by $0.06. Ryder System had a net margin of 3.83% and a return on equity of 16.78%. As a group, analysts expect that Ryder System will post 12 EPS for the current year.

Analyst Ratings Changes

Several research firms have recently commented on R. JPMorgan Chase & Co. reduced their target price on shares of Ryder System from $176.00 to $174.00 and set a “neutral” rating for the company in a research note on Thursday. StockNews.com cut shares of Ryder System from a “buy” rating to a “hold” rating in a research note on Tuesday, October 29th. Finally, The Goldman Sachs Group increased their price target on shares of Ryder System from $160.00 to $183.00 and gave the company a “buy” rating in a report on Thursday, December 12th. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $157.00.

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.