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Ryder System Stock To Go Ex-dividend Tomorrow (R)

By TheStreet Wire 05/16/12 - 08:53 AM EDT

Find out if (R) is in Cramer's Portfolio.

NEW YORK (TheStreet) -- The ex-dividend date for Ryder System (Nasdaq:R) is tomorrow, May 17, 2012. Owners of shares as of market close today will be eligible for a dividend of 29 cents per share. At a price of $44.55 as of 9:30 a.m. ET, the dividend yield is 2.6%.

The average volume for Ryder System has been 685,900 shares per day over the past 30 days. Ryder System has a market cap of $2.28 billion and is part of the services sector and diversified services industry. Shares are down 16.7% year to date as of the close of trading on Tuesday.

Ryder System, Inc. provides transportation and supply chain management solutions. It operates in three segments: Fleet Management Solutions (FMS), Supply Chain Solutions (SCS), and Dedicated Contract Carriage (DCC). The company has a P/E ratio of 12.7, equal to the average diversified services industry P/E ratio and below the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Ryder System as a buy. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, compelling growth in net income, revenue growth, reasonable valuation levels and notable return on equity. We feel these strengths outweigh the fact that the company has had generally poor debt management on most measures that we evaluated. You can view the full Ryder System Ratings Report.

See our dividend calendar or top-yielding stocks list.

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