We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Ryder (R) Rewards Shareholders With 14.5% Dividend Hike
Read MoreHide Full Article
The board of Ryder System (R - Free Report) announced a 14.5% hike in its quarterly dividend, taking the total to 71 cents per share (annualized $2.84). With economic activities gaining pace post COVID-19-induced lows, (R - Free Report) , one of the leading players in the Equipment and Leasing space, decided to reward shareholders with this double-digit dividend hike. The first instalment of the increased dividend will be paid out on Sep 15, 2023, to shareholders as of Aug 21.
Ryder continued with dividend payouts even when the COVID-19 situation was grim in the United States. As proof of its shareholder-friendly stance, R raised its quarterly dividend 3.6% to 58 cents per share last July.
The company has been rewarding shareholders on its common stock with dividends for 47 consecutive years. This is, however, Ryder’s 188th consecutive quarterly cash dividend payment.
Ryder, which currently carries a Zacks Rank #4 (Sell), is being hurt by increased capital expenditures and weak liquidity. These factors are likely to hurt its second-quarter 2023 results. Results are set to be released on Jul 26.
Stocks to Consider
Some better-ranked stocks for investors interested in the Zacks Transportation sector are Copa Holdings, S.A. (CPA - Free Report) and Allegiant Travel Company (ALGT - Free Report) .
Copa Holdings, which presently carries a Zacks Rank #2 (Buy), is aided by improved air-travel demand. We are encouraged by the company’s initiatives to modernize its fleet. CPA's focus on its cargo segment is also impressive. You can seethe complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
For second-quarter and full-year 2023, CPA’s earnings are expected to register 915.6% and 89% surge, respectively, on a year-over-year basis.
Allegiant, which currently carries a Zacks Rank #2, is seeing a steady recovery in air-travel demand. In first-quarter 2023, operating revenues grew 29.9% on a year-over-year basis.
ALGT has a strong liquidity position. Cash and cash equivalents of $317.6 million at first-quarter 2023 end was higher than the current debt of $289.7 million. This implies that the company has enough cash to meet its debt burden.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Ryder (R) Rewards Shareholders With 14.5% Dividend Hike
The board of Ryder System (R - Free Report) announced a 14.5% hike in its quarterly dividend, taking the total to 71 cents per share (annualized $2.84). With economic activities gaining pace post COVID-19-induced lows, (R - Free Report) , one of the leading players in the Equipment and Leasing space, decided to reward shareholders with this double-digit dividend hike. The first instalment of the increased dividend will be paid out on Sep 15, 2023, to shareholders as of Aug 21.
Ryder continued with dividend payouts even when the COVID-19 situation was grim in the United States. As proof of its shareholder-friendly stance, R raised its quarterly dividend 3.6% to 58 cents per share last July.
The company has been rewarding shareholders on its common stock with dividends for 47 consecutive years. This is, however, Ryder’s 188th consecutive quarterly cash dividend payment.
Ryder, which currently carries a Zacks Rank #4 (Sell), is being hurt by increased capital expenditures and weak liquidity. These factors are likely to hurt its second-quarter 2023 results. Results are set to be released on Jul 26.
Stocks to Consider
Some better-ranked stocks for investors interested in the Zacks Transportation sector are Copa Holdings, S.A. (CPA - Free Report) and Allegiant Travel Company (ALGT - Free Report) .
Copa Holdings, which presently carries a Zacks Rank #2 (Buy), is aided by improved air-travel demand. We are encouraged by the company’s initiatives to modernize its fleet. CPA's focus on its cargo segment is also impressive. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
For second-quarter and full-year 2023, CPA’s earnings are expected to register 915.6% and 89% surge, respectively, on a year-over-year basis.
Allegiant, which currently carries a Zacks Rank #2, is seeing a steady recovery in air-travel demand. In first-quarter 2023, operating revenues grew 29.9% on a year-over-year basis.
ALGT has a strong liquidity position. Cash and cash equivalents of $317.6 million at first-quarter 2023 end was higher than the current debt of $289.7 million. This implies that the company has enough cash to meet its debt burden.