This week I’m seeking a prestigious and long-term dividend-paying stock from the industrials business sector.
That industrials sector includes twenty-three industries all related to designing, fabricating and servicing stuff we know, want and use. The industrials industries range from aerospace and defense to waste management with all the transportation, business services, and equipment required in between.
Today I’m reviewing a mid-cap rental and leasing services company, named Ryder System Inc. Its trading ticker symbol is R.
Ryder System Inc is engaged in supply chain activities. Its services include transportation, supply chain and fleet management solutions.
The company operates through three segments: Fleet Management Solutions (FMS), Dedicated Transportation Solutions (DTS), and Supply Chain Solutions (SCS).
The FMS segment offers full-service leasing and leasing with flexible maintenance options, as well as maintenance services, supplies, and related equipment for operation of the vehicles. This segment also provides access to diesel fuel; offers fuel services, such as fuel planning and tax reporting, centralized billing, fuel cards, and fuel monitoring services; and sells used vehicles through its 53 retail sales centers and Usedtrucks.Ryder.com Website.
The DTS segment offers equipment, maintenance, drivers, administrative, and additional services, as well as routing and scheduling, fleet sizing, safety, regulatory compliance, risk management, technology and communication systems support, and other technical support services.
The SCS segment comprises distribution management services, handling import and export for international shipments, as well as other value-added services. This segment also offers transportation management services, and knowledge-based professional services.
Ryder System, Inc. was founded in 1933 and is headquartered in Miami, Florida.
I use three key data points to gauge the value of any dividend equity or fund like Ryder System Inc. (R):