Ryder (R) annouces $0.23 cent per share quarterly dividend

Ryder System, Inc. (NYSE: R) declared a regular quarterly cash dividend of $0.23 per share of common stock, to be paid on June 12, 2009, to shareholders of record on May 18, 2009.

This is Ryder's 131st consecutive quarterly cash dividend -- marking more than 32 years of dividend payments. Current annual Yield is 3.21%, based on Fridays closing price of $28.70 per share. I have been watching this stock for awhile and can not seem to find value in this company yet.

Disclosure None