Ryder Increases Quarterly Cash Dividend

Rhea-AI Summary

Ryder System, Inc. (NYSE: R) has declared a quarterly cash dividend of $0.58 per share, scheduled for payment on September 17, 2021, to shareholders on record as of August 23, 2021. This marks a $0.02 increase from the previous dividend of $0.56 held since July 2019. The dividend also represents Ryder's 180th consecutive quarterly payment, showcasing over 45 years of uninterrupted dividend distribution, underlining the company's commitment to returning value to its shareholders.

Positive

• Quarterly cash dividend increased from $0.56 to $0.58 per share.
• Ryder's 180th consecutive quarterly cash dividend, indicating strong financial stability.

Negative

• None.

The Board of Directors of Ryder System, Inc. (NYSE: R), a leader in supply chain, dedicated transportation, and fleet management solutions, today declared a regular quarterly cash dividend of $0.58 per share of common stock to be paid on September 17, 2021 to shareholders of record on August 23, 2021. This dividend reflects an increase of $0.02 from the $0.56 cash dividend that Ryder had been paying since July 2019.

This is Ryder’s 180^th consecutive quarterly cash dividend – marking more than 45 years of uninterrupted dividend payments.

About Ryder

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 world’s most-recognized brands. Ryder provides services throughout the United States, Mexico, Canada, and the United Kingdom. In addition, Ryder manages nearly 235,000 commercial vehicles and operates more than 300 warehouses encompassing approximately 64 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.

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FAQ

What is Ryder's dividend amount and payment date?

Ryder's dividend amount is $0.58 per share, payable on September 17, 2021.

How often does Ryder pay dividends?

Ryder pays dividends quarterly.

When is the record date for Ryder's dividend?

The record date for Ryder's dividend is August 23, 2021.

How long has Ryder been paying dividends?

Ryder has been paying dividends for over 45 years.

Has Ryder increased its dividend recently?

Yes, Ryder recently increased its dividend by $0.02 from $0.56 to $0.58.