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

Ryder System, Inc. (NYSE:R) announced a quarterly dividend on Friday, February 7th,RTT News reports. Investors of record on Tuesday, February 18th will be paid 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 increased its dividend 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. Equities 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 Stock Performance

R stock opened at $157.97 on Friday. Ryder System has a one year low of $106.62 and a one year high of $171.78. The firm has a market cap of $6.68 billion, a price-to-earnings ratio of 14.78 and a beta of 1.29. The company has a debt-to-equity ratio of 2.17, a quick ratio of 0.74 and a current ratio of 0.74. The firm has a 50-day simple moving average of $160.80 and a two-hundred day simple moving average of $150.89.

Wall Street Analysts Forecast Growth

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