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Ryder System (R) will raise its quarterly dividend by 13 percent to $0.52 per share in the first quarter of 2018. This follows a 4.5 percent dividend hike in 2017.

The next dividend will be paid on March 16, 2018 to shareholders of record on February 20, 2018. The new dividend for Ryder System is 2.5% and 2018 will mark the 14th consecutive year of dividend increases.

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.