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February 12, 2007 4:00 PM, EST

Ryder to Boost Dividend 3 Cents to 21 Cents a Share in March

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Ryder System said Monday its board approved a 3-cent increase in its dividend, boosting the payout to 21 cents a share.The dividend will be paid March 16 to shareholders of record as of Feb. 20, Ryder said.“This will mark the third dividend increase that we have delivered to Ryder shareholders in just over two years,” said Chairman and Chief Executive Officer Greg Swienton.Ryder is ranked No. 5 on the Transport Topics 100 list of the largest U.S. and Canadian trucking companies.