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Ryder Capital Boosts Interim Dividend Amid Strong Income Growth

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Ryder Capital Boosts Interim Dividend Amid Strong Income Growth

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The latest announcement is out from Ryder Capital Ltd. ( (AU:RYD) ).

Ryder Capital Ltd. has reported a significant increase in its total comprehensive income after tax to $13.02 million, up from $3.16 million in the previous period, driven by a strong gross portfolio performance of 16.80% for the six months ending December 2024. In response, the company has increased its interim dividend by 12.5% to 4.5 cents per share, reflecting its commitment to providing steady returns to its investors. This performance exceeds the company’s benchmarks and strengthens its distributable profits reserve, underpinning future dividend payments.

More about Ryder Capital Ltd.

Ryder Capital Ltd. operates within the financial investment sector, focusing on managing a diverse portfolio of investments. The company aims to deliver steady, fully franked dividends to its shareholders, prioritizing long-term income and growth through strategic management of its investment portfolio.

YTD Price Performance: -4.83%

Average Trading Volume: 30,816

Technical Sentiment Consensus Rating: Sell

See more data about RYD stock on TipRanks’ Stock Analysis page.

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