- Company Pays Dividend for 118th Consecutive Quarter -
MIAMI, Feb. 9 /PRNewswire-FirstCall/ -- 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 $0.18 per
share of common stock, to be paid on March 17, 2006, to shareholders of record
on February 20, 2006. The dividend reflects a $0.02 increase from the
$0.16 cash dividend Ryder had been paying quarterly since March 18, 2005.
This is Ryder's 118th consecutive quarterly cash dividend -- marking more than
29 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 dividend increase reflects our confidence in Ryder's ability to deliver
increasing levels of profitable growth over the long term."
About Ryder
Ryder provides leading-edge transportation, logistics and supply chain
management solutions worldwide. Ryder's product offerings range from full
service leasing, commercial rental and programmed maintenance of vehicles to
integrated services such as dedicated contract carriage and carrier
management. Additionally, Ryder offers comprehensive supply chain solutions,
consulting, lead logistics management services and e-Business solutions that
support customers' entire supply chains, from inbound raw materials and parts
through distribution and delivery of finished goods. Ryder serves customer
needs throughout North America, in Latin America, Europe and Asia.
The National Safety Council selected Ryder to receive the 2002 Green Cross
for Safety Medal -- its highest honor -- for exemplary commitment to workplace
safety and corporate citizenship. For the ninth consecutive year, Ryder was
featured in the 2005 Fortune Most Admired Companies survey of corporate
reputations. InternetWeek named Ryder as one of the top 100 U.S. companies
for effectiveness in using the Internet to achieve tangible business benefits.
For the eighth consecutive year, Ryder has been named a top five third-party
logistics provider by Inbound Logistics.
Ryder's stock is a component of the Dow Jones Transportation Average and
the Standard & Poor's 500 Index. Ryder ranks 381st on the Fortune 500.
For more information on Ryder System, Inc., visit http://www.ryder.com .
Note Regarding Forward-Looking Statements: Certain statements and
information included in this press release are "forward-looking statements"
under the Federal Private Securities Litigation Reform Act of 1995.
Accordingly, these forward-looking statements should be evaluated with
consideration given to the many risks and uncertainties inherent in our
business that could cause actual results and events to differ materially from
those in the forward-looking statements. Important factors that could cause
such differences include, among others, our ability to obtain adequate profit
margins for our services, our inability to maintain current pricing levels due
to customer acceptance or competition, customer retention levels, unexpected
volume declines, loss of key customers in the Supply Chain Solutions (SCS)
business segment, unexpected reserves or write-offs due to the deterioration
of the credit worthiness or bankruptcy of certain customers in our SCS
business segment, changes in financial, tax or regulatory requirements or
changes in customers' business environments that limit their ability to commit
to long-term vehicle leases, changes in market conditions affecting the
commercial rental market or the sale of used vehicles, labor strikes or work
stoppages affecting our or our customers' business operations, adequacy of
accounting estimates and accruals, changes in general economic conditions,
sudden changes in fuel prices, availability of qualified drivers, our ability
to manage our cost structure, changes in government regulations, including
regulations regarding vehicle emissions and risks described in our filings
with the Securities and Exchange Commission. The risks included here are not
exhaustive. New risks emerge from time to time and 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.
SOURCE Ryder System, Inc.
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Related links:
http://www.ryder.com
CONTACT:
Media, David Bruce, +1-305-500-4999, or
investors, Bob Brunn, +1-305-500-4053, both of Ryder System
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