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

Ryder System, Inc. (NYSE:R) declared a quarterly dividend on Friday, February 7th,RTT News reports. Investors of record on Tuesday, February 18th will be given 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 2.05%.

Ryder System has raised its dividend payment by an average of 10.1% annually over the last three years. Ryder System has a payout ratio of 20.3% indicating that 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 Price Performance

Shares of R traded up $1.09 during trading hours on Friday, reaching $157.97. The company had a trading volume of 326,884 shares, compared to its average volume of 329,527. The company has a market capitalization of $6.68 billion, a price-to-earnings ratio of 14.78 and a beta of 1.29. Ryder System has a 12-month low of $106.62 and a 12-month high of $171.78. The firm has a 50 day simple moving average of $161.01 and a 200-day simple moving average of $150.73. The company has a current ratio of 0.74, a quick ratio of 0.74 and a debt-to-equity ratio of 2.17.

Analyst Ratings Changes

Several equities analysts recently commented on R shares. The Goldman Sachs Group upped their target price on Ryder System from $160.00 to $183.00 and gave the company a “buy” rating in a research note on Thursday, December 12th. StockNews.com lowered Ryder System from a “buy” rating to a “hold” rating in a research report on Tuesday, October 29th. Finally, JPMorgan Chase & Co. lowered their price target on Ryder System from $148.00 to $144.00 and set a “neutral” rating for the company in a research report on Friday, October 25th. Four research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, Ryder System currently has a consensus rating of “Moderate Buy” and an average price target of $147.43.

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.