EX-Dividend Schedule: Ryder System Announces its 167th Consecutive Cash Dividend; Will Trade Ex-Dividend on May 18, 2018

LONDON, UK / ACCESSWIRE / May 17, 2018 / Active-Investors has a free review on Ryder System, Inc. (NYSE: R) (”Ryder”) following the Company’s announcement that it will begin trading ex-dividend on May 18, 2018. To capture the dividend payout, investors must purchase the stock a day prior to the ex-dividend date that is by latest at the end of the trading session on May 17, 2018. Active-Investors has initiated due-diligence on this dividend stock. Register with us for more free research including the one on R:

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Dividend Declared

On May 05, 2018, Ryder’s Board of Directors declared a regular quarterly cash dividend of $0.52 per share of common stock, to be paid on June 15, 2018, to shareholders of record on May 21, 2018.

Ryder’s indicated dividend represents a yield of 3.05%, which is substantially higher than the average dividend yield of 2.04% for the Services sector. This is Ryder’s 167th consecutive quarterly cash dividend – marking more than 41 years of uninterrupted dividend payments.

Dividend Insights

Ryder has a dividend payout ratio of 37.1%, which indicates that the Company spends approximately $0.37 for dividend distribution out of every $1.00 earned. The dividend payout ratio reflects how much amount a company is returning to shareholders versus how much money it is keeping on hand to reinvest in growth, to pay off debt, and/or to add to its cash reserves.

According to analysts’ estimates, Ryder is forecasted to report earnings of $6.40 per share for the next year, which is more than triple compared to the Company’s annualized dividend of $2.08 per share.

Ryder’s operating cash flow was $315 million in the first quarter of 2018 compared to $331 million in the first quarter of 2017. The Company’s total cash generated was $425 million compared to $444 million in 2017. Ryder’s cash and cash equivalents were $73.9 million as on March 31, 2018, compared to $78.3 million as on December 31, 2017. The Company’s total debt as of March 31, 2018, was $5.7 billion, up from $5.4 billion in 2017. The Company’s strong financial position indicates its ability to absorb any fluctuations in earnings and cash flow and to sustain the dividend distribution for a long period.

Recent Development for Ryder

On May 09, 2018, Ryder announced that it was honored with the Corporation of the Year Award, presented by international media Company Three6Zero, during this year’s Automotive Global Awards North America, held in Detroit, Michigan. Ryder was one of 21 companies and individuals rewarded for having achieved the unachievable or for having pioneered a new way of thinking or working.

Ryder was selected for the Corporation of the Year Award for consistently achieving and exceeding KPIs set by the customer. The Company was also recognized for engaging its team members to develop single-point lessons to educate and train effectively, demonstrating Ryder’s commitment to delivering continuous improvements and cost savings. This award is designed to reward the company that has shown overall excellence in supply, performance, customer service, and environmental awareness.

About Ryder System, Inc.

Ryder is a FORTUNE 500® commercial fleet management, dedicated transportation, and supply chain solutions company. Ryder has been named among FORTUNE’s World’s Most Admired Companies and has been recognized for its industry-leading practices in third-party logistics, environmentally-friendly fleet and supply chain solutions, and world-class safety and security programs.

Stock Performance Snapshot

May 16, 2018 – At Wednesday’s closing bell, Ryder’s stock marginally fell 0.28%, ending the trading session at $68.14.

Volume traded for the day: 442.08 thousand shares.

Stock performance in the past twelve-month period – up 3.76%

After yesterday’s close, Ryder’s market cap was at $3.62 billion.

Price to Earnings (P/E) ratio was at 21.69.

The stock has a dividend yield of 3.05%.

The stock is part of the Services sector, categorized under the Rental & Leasing Services industry. This sector was up 0.8% at the end of the session.

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