Ryder System hikes dividend by 6.9%

Ryder System (R) will raise its quarterly dividend by 6.9 percent to 62 cents per share in 2022. The logistics company has now raised its dividend for 18 straight calendar years. The new dividend yield for R is 3.4% at a stock price of $72.10.

The Board of Directors of Ryder System, Inc. (NYSE: R), a leader in supply chain, dedicated transportation, and fleet management solutions, declared a regular quarterly cash dividend of $0.62 per share of common stock to be paid on September 16, 2022 to shareholders of record on August 22, 2022. This dividend reflects an increase of $0.04 from the $0.58 cash dividend that Ryder had been paying since July 2021.

Ryder System, Inc. is a commercial fleet management, dedicated transportation, and supply chain solutions company. The company's offerings range from full-service leasing, commercial rental and maintenance of vehicles to integrated services to customers principally in the United States, Canada, Asia and the United Kingdom. The company has paid a dividend every year since 1976.