Ryder Increases Quarterly Cash Dividend

Rhea-AI Summary

The Board of Directors of Ryder System has declared a regular quarterly cash dividend of $0.81 per share of common stock, marking a $0.10 increase from the previous dividend. This enhanced dividend will be paid on September 20, 2024, to shareholders of record as of August 19, 2024.

Ryder, a leader in supply chain, dedicated transportation, and fleet management solutions, has maintained its dividend payments for 192 consecutive quarters, spanning over 48 years. The consistent dividend payments highlight Ryder's financial stability and commitment to returning value to its shareholders.

Positive

• Ryder increased its quarterly cash dividend to $0.81 per share, up by $0.10 from the previous dividend.
• This marks Ryder's 192nd consecutive quarterly dividend, underscoring its financial stability and commitment to shareholders.

Negative

• None.

Company Pays Dividend for 192nd Consecutive Quarter

MIAMI--(BUSINESS WIRE)-- The Board of Directors of Ryder System, Inc. (NYSE: R), a leader in supply chain, dedicated transportation, and fleet management solutions, declared a regular quarterly cash dividend of $0.81 per share of common stock to be paid on September 20, 2024 to shareholders of record on August 19, 2024. This dividend reflects an increase of $0.10 from the $0.71 cash dividend that Ryder had been paying quarterly since July 2023.

This is Ryder’s 192nd consecutive quarterly cash dividend – marking more than 48 years of uninterrupted dividend payments.

About Ryder System, Inc.

Ryder System, Inc. (NYSE: R) is a fully integrated port-to-door logistics and transportation company. It provides supply chain, dedicated transportation, and fleet management solutions, including warehousing and distribution, contract manufacturing and packaging, e-commerce fulfillment, last-mile delivery, managed transportation, professional drivers, freight brokerage, nearshoring solutions, full-service leasing, maintenance, commercial truck rental, and used vehicle sales to some of the world’s most-recognized brands. Ryder provides services throughout the United States, Mexico, and Canada. In addition, Ryder manages nearly 250,000 commercial vehicles, services fleets at 760 maintenance locations, and operates nearly 300 warehouses encompassing more than 100 million square feet. Ryder is regularly recognized for its industry-leading practices; technology-driven innovations; corporate responsibility; environmental management; safety, health and security programs; military veteran recruitment initiatives; and the hiring of a diverse workforce. www.ryder.com

Note Regarding Forward-Looking Statements: Certain statements and information included in this news release are “forward-looking statements” within the meaning of the Federal Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on our current plans and expectations and are subject to risks, uncertainties and assumptions. Accordingly, these forward-looking statements should be evaluated with consideration given to the many risks and uncertainties that could cause actual results and events to differ materially from those in the forward-looking statements including those risks set forth in our periodic filings with the Securities and Exchange Commission. New risks emerge from time to time. It is not possible for management to predict all such risk factors or to assess the impact of such risks on our business. Accordingly, we undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise.

ryder-financial

View source version on businesswire.com: https://www.businesswire.com/news/home/20240712687722/en/

Anne Hendricks, amhendricks@ryder.com

Amy Federman, afederman@ryder.com

Source: Ryder System, Inc.

FAQ

What is the new quarterly dividend per share declared by Ryder?

The new quarterly dividend per share declared by Ryder is $0.81.

How much did Ryder's dividend increase for the upcoming payment?

Ryder's dividend increased by $0.10 for the upcoming payment.

When will Ryder's new dividend be paid?

Ryder's new dividend will be paid on September 20, 2024.

What is the record date for Ryder's upcoming dividend?

The record date for Ryder's upcoming dividend is August 19, 2024.

How long has Ryder been paying consecutive dividends?

Ryder has been paying consecutive dividends for 192 quarters, which is over 48 years.