Ryder Systems, Inc. (R) has raised its dividend by 5%, resulting in an upcoming payment that will be 17% higher than the first dividend payment that I received 18 months prior. On an annualized basis, the payment has increased by 11% per year placing the overall growth rate slightly lower than that which is needed to ensure that the nP portfolio produces enough income in 2035 to reach its goal.
Whereas the dividend payments are growing at a slightly muted rate, the value of my shares of R have increased substantially over the period that I have held them.;
Ryder recently announced a partnership with electric vehicle and drone package delivery manufacturer Workhorse Group. Details can be found here.
No comments:
Post a Comment