Thursday Is Your Last Chance To Buy Ryder System Before The Dividend Payout
Portfolio Pulse from Benzinga Insights
Ryder System (NYSE:R) announced a quarterly dividend of 71 cents per share, going ex-dividend on Friday. Shareholders owning R by the end of Thursday are eligible for the payout on March 15, 2024. The stock will likely open 71 cents lower on the ex-dividend date.
February 13, 2024 | 2:45 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Ryder System announces a quarterly dividend of 71 cents per share, with the stock going ex-dividend on Friday. Eligible if owned by end of Thursday, payout on March 15, 2024.
The announcement of Ryder System's dividend and the subsequent ex-dividend date typically leads to a short-term price adjustment in the stock. The stock is expected to open lower on the ex-dividend date by the amount of the dividend, reflecting the payout adjustment. This is a common market reaction to dividend payouts.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100