Ryder System Inc. said Monday it will raise its quarterly dividend by 13% to 52 cents a share, as result of earnings benefits expected from the recent tax legislation. The new dividend will be payable March 16 to shareholders of record on Feb. 20. Based on Friday’s stock closing price of $80.67, the new annual dividend rate implies a dividend yield of 2.58%, compared with the implied dividend yield for the S&P 500 of 1.94%, according to FactSet. The truck rental company’s stock, which was still inactive in premarket trade, has gained 2.2% over the past three months, while the S&P 500 has tacked on 1.4%.
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