Ryder (R) Stock Rises More Than 3% Following Dividend Hike

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. Ryder has been consistently making efforts to reward its shareholders through dividends and ...