Ryder System (R) will raise its quarterly dividend by 7.3 percent to $0.44 per share. The new dividend will be paid on September 16, 2016, to shareholders of record on August 22, 2016.

The dividend reflects a $0.03 increase from the $0.41 cash dividend Ryder had been paying quarterly since July of 2015. This is Ryder's 160th consecutive quarterly cash dividend -- marking 40 years of uninterrupted dividend payments. The indicated dividend yield for Ryder System is 2.6%.

Ryder is a commercial fleet management, dedicated transportation, and supply chain solutions company. The Company's offerings range from full-service leasing, commercial rental and maintenance of vehicles to integrated services to customers principally in the United States, Canada, Asia and the United Kingdom.