- Company Pays Dividend for 115th Consecutive Quarter -
- Company Announces Results of Annual Meeting of Shareholders -
MIAMI, May 6 /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 regular quarterly cash dividend of
$0.16 per share of common stock. The dividend will be paid on June 17, 2005
to shareholders of record on May 20, 2005. This is Ryder's 115th consecutive
quarterly cash dividend -- marking more than 28 years of dividend payments.
The Company also announced the results of its annual meeting of
shareholders. Shareholders re-elected two members of the Company's Board of
Directors, Lynn M. Martin and Hansel E. Tookes II, for 3-year terms. The
appointment of KPMG to continue as the Company's auditors was ratified.
Shareholders also approved the Company's 2005 Equity Compensation Plan and an
increase in the number of shares available under Ryder's Employee Stock
Purchase Plan.
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 2004 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 seventh consecutive year, Ryder has been named a top three 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. With 2004 revenue of more than $5 billion,
Ryder ranks 381st on the Fortune 500.
For more information on Ryder System, Inc., visit http://www.ryder.com .
SOURCE Ryder System, Inc.
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Related links:
http://www.ryder.com
CONTACT:
Media, David Bruce, +1-305-500-4999, or
Investor Relations, Bob Brunn, +1-305-500-4053, both of Ryder
System, Inc.
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