SOURCE: Ryder System, Inc.

February 09, 2007 17:15 ET

Ryder Increases Quarterly Cash Dividend

Company Pays Dividend for 122nd Consecutive Quarter

MIAMI, FL -- (MARKET WIRE) -- February 9, 2007 -- The Board of Directors of Ryder System, Inc. (NYSE: R), a global leader in transportation and supply chain management solutions, today declared a quarterly cash dividend of $0.21 per share of common stock, to be paid on March 16, 2007, to shareholders of record on February 20, 2007. The dividend reflects a $0.03 increase from the $0.18 cash dividend Ryder had been paying quarterly since March 17, 2006. This is Ryder's 122nd consecutive quarterly cash dividend -- marking more than 30 years of dividend payments.

"Ryder's management team and board of directors are committed to delivering continued strong earnings growth and enhanced value to our shareholders," said Ryder Chairman and Chief Executive Officer Greg Swienton. "This will mark the third dividend increase that we have delivered to Ryder shareholders in just over two years."

                             About Ryder
Ryder is a Fortune 500 company providing 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. For more information about Ryder System, Inc., visit

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:
    David Bruce
    (305) 500-4999

    Investor Relations:
    Bob Brunn
    (305) 500-4053