Ryder Increases Quarterly Cash Dividend

Rhea-AI Summary

The Board of Directors of Ryder System, Inc. (NYSE: R) has declared a quarterly cash dividend of $0.62 per share, an increase of $0.04 from the prior dividend of $0.58. This dividend will be paid on September 16, 2022, to shareholders of record by August 22, 2022. This marks Ryder's 184th consecutive quarterly cash dividend, demonstrating over 46 years of continuous dividend payments.

Positive

• Quarterly cash dividend increased from $0.58 to $0.62 per share.
• 184th consecutive quarterly cash dividend reflects strong financial stability.

Negative

• None.

Company Pays Dividend for 184^th 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, yesterday declared a regular quarterly cash dividend of $0.62 per share of common stock to be paid on September 16, 2022 to shareholders of record on August 22, 2022. This dividend reflects an increase of $0.04 from the $0.58 cash dividend that Ryder had been paying since July 2021.

This is Ryder’s 184^th consecutive quarterly cash dividend – marking more than 46 years of uninterrupted dividend payments.

About Ryder System, Inc.

Ryder System, Inc. (NYSE: R) is a leading logistics and transportation company. It provides supply chain, dedicated transportation, and fleet management solutions, including full service leasing, rental, and maintenance, used vehicle sales, professional drivers, transportation services, freight brokerage, warehousing and distribution, e-commerce fulfillment, and last mile delivery services, to some of the world’s most-recognized brands. Ryder provides services throughout the United States, Mexico, Canada, and the United Kingdom. In addition, Ryder manages nearly 239,000 commercial vehicles and operates more than 330 warehouses, encompassing more than 80 million square feet. Ryder is regularly recognized for its industry-leading practices in third-party logistics, technology-driven innovations, commercial vehicle maintenance, environmentally friendly solutions, corporate social responsibility, world-class safety 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/20220714005718/en/

Media:

Amy Federman

(305) 500-4989

Investor Relations:

Bob Brunn

(305) 500-4053

Source: Ryder System, Inc.

FAQ

What is the recent dividend declared by Ryder System, Inc. (R)?

Ryder System, Inc. declared a quarterly cash dividend of $0.62 per share.

When will Ryder's dividend be paid?

The dividend will be paid on September 16, 2022.

What was the previous dividend amount for Ryder System, Inc. (R)?

The previous dividend amount was $0.58 per share.

How long has Ryder System, Inc. been paying dividends?

Ryder has been paying dividends for over 46 years.