Ryder System (R) Raises Quarterly Cash Dividend to $0.27 Per Share

Ryder System, Inc. (NYSE: R) declared a regular quarterly cash dividend of $0.27 per share of common stock, to be paid on September 17, 2010, to shareholders of record on August 23, 2010. The dividend reflects a $0.02 increase from the $0.25 cash dividend Ryder had been paying quarterly since September of 2009. This is Ryder's 136th consecutive quarterly cash dividend -- marking 34 years of uninterrupted dividend payments. "Ryder's management team and board of directors are pleased that our continuing solid cash flow and access to capital are enabling Ryder to deliver enhanced value to shareholders," said Ryder Chairman and Chief Executive Officer Greg Swienton. "This represents the sixth dividend increase that we have delivered to Ryder shareholders since early 2005."... Read more

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