R - Ryder Stock Rises More Than 3% Following Dividend Hike | Benzinga
Shares of Ryder System, Inc. (NYSE: R) performed well on the bourse on Jul 12, 2024, closing the trading session at $128.75 per share, up 3.02% from the previous day's closing. The upside was owing to the dividend hike announcement by Ryder's board of directors.
In a shareholder-friendly move, R's board of directors has approved a dividend hike of 14.1%, thereby raising its quarterly cash dividend to 81 cents per share ($3.24 annualized) from 71 cents ($2.84 annualized). The raised dividend will be paid out on Sep 20, 2024, to shareholders of record at the close of business on Aug 19. The move reflects R's intention to utilize free cash to enhance its shareholders' returns.
This marks Ryder's 192nd consecutive quarterly cash dividend. Notably, Ryder has been making uninterrupted dividend payments for more than 48 years.
Ryder System, Inc. Dividend Yield
Ryder System, Inc. dividend-yield-ttm | Ryder System, Inc. Quote
Ryder has been consistently making efforts to reward its shareholders through dividends and share buybacks, ...