Ryder System Named Top Dividend Stock of the Dow Transports
Company’s Strong Performance Highlights: Ryder System, Inc. (Symbol: R) has secured the title of the “Top Dividend Stock of the Dow Transports,” according to the latest report from Dividend Channel. The report emphasized the attractive valuation and profitability metrics of R shares among the Dow Jones Transportation Average components. Additionally, it pointed out Ryder’s consistent quarterly dividend history and favorable growth rates in key financial indicators.
The report explained, “Dividend investors looking for value tend to research the most profitable companies that are also trading at appealing valuations. Our proprietary DividendRank formula helps identify such companies, ranking them based on profitability and valuation, providing a source of investment ideas for further investigation.“
The Dow Jones Transportation Average, also known as “Dow Transports,” predates the Dow Jones Industrial Average. It is the most recognized index tracking the U.S. transportation sector. For more details on popular ETFs that follow the Dow Transports, including their components and respective weights, visit ETFChannel.com.
The annualized dividend from Ryder System, Inc. currently stands at $3.24 per share, distributed in quarterly payments, with the next ex-dividend date set for 02/18/2025. The importance of Ryder’s long-term dividend history is underscored in the report, as analyzing past dividend trends can help investors predict future payouts.
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