Ryder System, Inc. (NYSE:R) announced a quarterly dividend on Monday, May 6th, Wall Street Journal reports. Investors of record on Monday, May 20th will be paid a dividend of 0.54 per share by the transportation company on Friday, June 21st. This represents a $2.16 dividend on an annualized basis and a yield of 3.61%. The ex-dividend date is Friday, May 17th.

Ryder System has increased its dividend by an average of 10.8% annually over the last three years and has increased its dividend annually for the last 10 consecutive years. Ryder System has a payout ratio of 37.4% meaning its dividend is sufficiently covered by earnings. Research analysts expect Ryder System to earn $6.73 per share next year, which means the company should continue to be able to cover its $2.16 annual dividend with an expected future payout ratio of 32.1%.

Shares of Ryder System stock opened at $59.77 on Thursday. Ryder System has a 52-week low of $44.80 and a 52-week high of $79.95. The company has a market capitalization of $3.08 billion, a P/E ratio of 10.32 and a beta of 1.71. The company has a current ratio of 0.57, a quick ratio of 0.54 and a debt-to-equity ratio of 2.35.

Ryder System (NYSE:R) last posted its quarterly earnings results on Tuesday, April 30th. The transportation company reported $1.11 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.99 by $0.12. The firm had revenue of $2.18 billion for the quarter, compared to analyst estimates of $2.14 billion. Ryder System had a return on equity of 11.26% and a net margin of 3.28%. The business’s quarterly revenue was up 14.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.91 EPS. Research analysts forecast that Ryder System will post 6.17 earnings per share for the current year.

In related news, Director E Follin Smith sold 1,138 shares of the business’s stock in a transaction that occurred on Tuesday, May 7th. The stock was sold at an average price of $62.82, for a total transaction of $71,489.16. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 2.80% of the stock is owned by insiders.

Several research analysts have weighed in on the company. Zacks Investment Research raised Ryder System from a “sell” rating to a “hold” rating in a research report on Tuesday, April 23rd. ValuEngine raised Ryder System from a “strong sell” rating to a “sell” rating in a research report on Wednesday, February 20th. Finally, TheStreet raised Ryder System from a “c+” rating to a “b-” rating in a research report on Thursday, February 21st. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and eight have assigned a buy rating to the company’s stock. Ryder System has an average rating of “Buy” and a consensus price target of $76.89.

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Ryder System Company Profile

Ryder System, Inc provides transportation and supply chain management solutions worldwide. The company operates through three segments: Fleet Management Solutions (FMS), Dedicated Transportation Solutions (DTS), and Supply Chain Solutions (SCS). The FMS segment offers full service leasing and leasing with flexible maintenance options, as well as maintenance services, supplies, and related equipment for operation of the vehicles; commercial vehicle rental services; and contract or transactional maintenance services of trucks, tractors, and trailers, as well as fleet support services.

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Dividend History for Ryder System (NYSE:R)

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