SOURCE: Ryder System, Inc.

May 04, 2007 17:15 ET

Ryder Declares Quarterly Cash Dividend

Company Pays Dividend for 123rd Consecutive Quarter

Company Announces Results of Annual Meeting of Shareholders

MIAMI, FL -- (MARKET WIRE) -- May 4, 2007 --The Board of Directors of Ryder System, Inc. (NYSE: R), a global leader in transportation and supply chain management solutions, today declared a regular quarterly cash dividend of $0.21 per share of common stock. The dividend will be paid on June 15, 2007 to shareholders of record on May 21, 2007. This is Ryder's 123rd consecutive quarterly cash dividend -- marking more than 30 years of dividend payments.

The Company also announced the results of its annual meeting of shareholders. David I. Fuente, Eugene A. Renna, Abbie J. Smith and Christine A. Varney were elected by shareholders to serve on the Company's Board of Directors for a term of three years and Luis P. Nieto, Jr. was elected by shareholders to serve on the Company's Board of Directors for a term of two years. The appointment of PricewaterhouseCoopers LLP as the Company's independent auditor was also ratified.

                              About Ryder
Ryder provides leading-edge transportation, logistics and supply chain management solutions worldwide. Ryder's stock (NYSE: R) is a component of the Dow Jones Transportation Average and the Standard & Poor's 500 Index. Ryder ranks 362nd on the Fortune 500 and 1,458th on the Forbes Global 2000. For more information on Ryder System, Inc., visit www.ryder.com.

Note Regarding Forward-Looking Statements: Certain statements and information included in this news release are "forward-looking statements" within the meaning of the Federal Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on our current plans and expectations and are subject to risks, uncertainties and assumptions. Accordingly, these forward-looking statements should be evaluated with consideration given to the many risks and uncertainties that could cause actual results and events to differ materially from those in the forward-looking statements including those risks set forth in our periodic filings with the Securities and Exchange Commission. New risks emerge from time to time. It is not possible for management to predict all such risk factors or to assess the impact of such risks on our business. Accordingly, we undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise.

Contact Information

  • Contacts:
    Media:
    David Bruce
    (305) 500-4999

    Investor Relations:
    Bob Brunn
    (305) 500-4053