Ryder System, Inc. (NYSE:R) declared a quarterly dividend on Friday, October 6th, RTT News reports. Shareholders of record on Monday, November 20th will be given a dividend of 0.46 per share by the transportation company on Friday, December 15th. This represents a $1.84 dividend on an annualized basis and a yield of 2.21%.

Ryder System has raised its dividend by an average of 9.4% annually over the last three years and has raised its dividend every year for the last 8 years. Ryder System has a payout ratio of 41.6% indicating that its dividend is sufficiently covered by earnings. Analysts expect Ryder System to earn $5.26 per share next year, which means the company should continue to be able to cover its $1.84 annual dividend with an expected future payout ratio of 35.0%.

Ryder System (NYSE R) traded up 0.02% during trading on Friday, reaching $83.37. The company’s stock had a trading volume of 393,670 shares. Ryder System has a one year low of $62.03 and a one year high of $85.50. The company has a 50-day moving average of $79.09 and a 200 day moving average of $72.89. The firm has a market cap of $4.42 billion, a PE ratio of 20.07 and a beta of 1.41. Ryder System also saw unusually large options trading activity on Wednesday. Stock investors purchased 8,661 put options on the stock. This represents an increase of approximately 1,716% compared to the typical daily volume of 477 put options.

Ryder System (NYSE:R) last issued its earnings results on Wednesday, July 26th. The transportation company reported $1.00 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.93 by $0.07. Ryder System had a net margin of 3.17% and a return on equity of 11.71%. The company had revenue of $1.79 billion for the quarter, compared to analysts’ expectations of $1.76 billion. During the same quarter last year, the company posted $1.56 earnings per share. The firm’s quarterly revenue was up 5.3% on a year-over-year basis. Analysts expect that Ryder System will post $4.45 EPS for the current fiscal year.

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In other news, insider Dennis C. Cooke sold 9,650 shares of Ryder System stock in a transaction on Monday, July 31st. The shares were sold at an average price of $72.75, for a total transaction of $702,037.50. Following the transaction, the insider now owns 2,883 shares in the company, valued at approximately $209,738.25. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider John S. Sensing sold 4,502 shares of the firm’s stock in a transaction on Thursday, August 24th. The shares were sold at an average price of $73.01, for a total transaction of $328,691.02. The disclosure for this sale can be found here. Insiders have sold a total of 40,427 shares of company stock worth $2,933,827 in the last quarter. Corporate insiders own 1.95% of the company’s stock.

R has been the topic of several research reports. ValuEngine upgraded shares of Ryder System from a “hold” rating to a “buy” rating in a report on Tuesday, June 27th. BidaskClub upgraded shares of Ryder System from a “hold” rating to a “buy” rating in a report on Wednesday, June 28th. Zacks Investment Research upgraded shares of Ryder System from a “hold” rating to a “buy” rating and set a $82.00 target price on the stock in a report on Friday, July 7th. Buckingham Research initiated coverage on shares of Ryder System in a report on Monday, August 21st. They issued a “buy” rating and a $85.00 target price on the stock. Finally, Stifel Nicolaus restated a “hold” rating and issued a $68.00 target price on shares of Ryder System in a report on Tuesday, September 5th. Five equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Ryder System presently has a consensus rating of “Buy” and a consensus target price of $81.83.

About Ryder System

Ryder System, Inc is engaged in offering transportation and supply chain management solutions. The Company operates through three segments: Fleet Management Solutions (FMS), which provides leasing, commercial rental, contract maintenance, and contract-related maintenance of trucks, tractors and trailers to customers principally in the United States, Canada and the United Kingdom; Dedicated Transportation Solutions (DTS), which provides vehicles and drivers as part of a dedicated transportation solution in the United States, and Supply Chain Solutions (SCS), which provides supply chain solutions, including distribution and transportation services in North America and Asia.

Dividend History for Ryder System (NYSE:R)

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