Ryder System (R) will raise its quarterly dividend by 3.7 percent to $0.56 per share in2019. The logistics company hiked its dividend by a total of 8 cents to 56 cents per share last year.

The increased dividend will be paid on September 20, 2019, to shareholders of record on August 19, 2019. The new dividend for Ryder System is 3.9% and 2019 will mark the 15th consecutive year of dividend increases.

Ryder System, Inc. 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. The company has paid a dividend every year since 1976.