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Zacks Industry Outlook Highlights Ryder System and The Greenbrier Companies
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For Immediate Release
Chicago, IL – March 28, 2024 – Today, Zacks Equity Research discusses Ryder System, Inc. (R - Free Report) and The Greenbrier Companies, Inc. (GBX - Free Report) .
The Zacks Transportation - Equipment and Leasing industry currently stands to benefit from the solid investor-friendly steps. Notably, consistent shareholder-friendly initiatives in the form of dividend payouts or share buybacks imply solid financial strength of companies in the Equipment and Leasing industry. Such moves boost investors' confidence and positively impact the bottom line.
Notably, the industry has risen 27.3% compared with the Zacks S&P 500 Composite's northward movement of 20.5% and the Zacks Transportation sector's growth of 10.8% over the past six months.
The buoyancy in the industry is further confirmed by its Zacks Industry Rank #28, which places it in the top 11% of more than 250 Zacks industries.
Given this encouraging backdrop, it would be a wise decision to invest in some dividend-paying companies like Ryder System, Inc. and The Greenbrier Companies, Inc. from the Transportation - Equipment and Leasing industry. These companies have consistently announced dividend hikes, thus highlighting their pro-shareholder stance.
Stocks that have a strong history of dividend growth belong to mature companies, which are less susceptible to large swings in the market and act as a hedge against economic or political uncertainty, as well as stock market volatility. At the same time, they offer downside protection with their consistent increase in payouts.
Additionally, these companies have superior fundamentals like a sustainable business model, a long track of profitability, rising cash flows, good liquidity, a strong balance sheet and some value characteristics.
How to Pick Stocks With Solid Dividend Payouts?
In order to choose some of the best dividend stocks from the industry, we have run the Zacks Stock Screener to identify stocks with a dividend yield in excess of 2% and a sustainable dividend payout ratio of less than 60%.
Greenbrier: Headquartered in Lake Oswego, OR, Greenbrier designs, manufactures and markets railroad freight car equipment in North America, Europe and South America.
Greenbrier pays out a quarterly dividend of 30 cents ($1.20 annualized) per share, which gives it a 2.40% yield at the current stock price. This company's payout ratio is 31%, with a five-year dividend growth rate of 2.66%. (Check Greenbrier's dividend history here).
Greenbrier's consistent efforts to reward its shareholders through dividends and share repurchases look encouraging. In 2023, the company paid dividends of $36.1 million and repurchased shares worth $56.9 million. In 2022, it paid dividends of $35.8 million (but did not repurchase any shares). During 2021, it rewarded its shareholders through dividends of $35.6 million and repurchased shares worth $20 million. Such shareholder-friendly moves instill investor confidence and positively impact the company's bottom line.
Ryder: Headquartered in Miami, Ryder operates as a logistics and transportation company worldwide.
Ryder pays out a quarterly dividend of 71 cents ($2.84 annualized) per share, which gives it a 2.45% yield at the current stock price. This company's payout ratio is 22%, with a five-year dividend growth rate of 4.71%. (Check Ryder's dividend history here). Ryder presently carries a Zacks Rank #3 (Hold).
We are impressed with Ryder's consistent efforts to reward its shareholders through dividends and share repurchases. In 2023, the company paid dividends of $128 million and repurchased shares worth $337 million. In 2022, it paid dividends of $123 million and repurchased shares worth $557 million. During 2021, it rewarded its shareholders through dividends of $122 million and repurchased shares worth $57 million. Such shareholder-friendly moves instill investor confidence and positively impact the company's bottom line.
Why Haven't You Looked at Zacks' Top Stocks?
Since 2000, our top stock-picking strategies have blown away the S&P's +7.0 average gain per year. Amazingly, they soared with average gains of +44.9%, +48.4% and +55.2% per year.
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Zacks Investment Research is under common control with affiliated entities (including a broker-dealer and an investment adviser), which may engage in transactions involving the foregoing securities for the clients of such affiliates.
Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performance for information about the performance numbers displayed in this press release.
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Zacks Industry Outlook Highlights Ryder System and The Greenbrier Companies
For Immediate Release
Chicago, IL – March 28, 2024 – Today, Zacks Equity Research discusses Ryder System, Inc. (R - Free Report) and The Greenbrier Companies, Inc. (GBX - Free Report) .
Industry: Equipment Leasing
Link: https://www.zacks.com/stock/news/2246748/2-dividend-paying-transport-equipment-leasing-stocks-to-watch
The Zacks Transportation - Equipment and Leasing industry currently stands to benefit from the solid investor-friendly steps. Notably, consistent shareholder-friendly initiatives in the form of dividend payouts or share buybacks imply solid financial strength of companies in the Equipment and Leasing industry. Such moves boost investors' confidence and positively impact the bottom line.
Notably, the industry has risen 27.3% compared with the Zacks S&P 500 Composite's northward movement of 20.5% and the Zacks Transportation sector's growth of 10.8% over the past six months.
The buoyancy in the industry is further confirmed by its Zacks Industry Rank #28, which places it in the top 11% of more than 250 Zacks industries.
Given this encouraging backdrop, it would be a wise decision to invest in some dividend-paying companies like Ryder System, Inc. and The Greenbrier Companies, Inc. from the Transportation - Equipment and Leasing industry. These companies have consistently announced dividend hikes, thus highlighting their pro-shareholder stance.
Stocks that have a strong history of dividend growth belong to mature companies, which are less susceptible to large swings in the market and act as a hedge against economic or political uncertainty, as well as stock market volatility. At the same time, they offer downside protection with their consistent increase in payouts.
Additionally, these companies have superior fundamentals like a sustainable business model, a long track of profitability, rising cash flows, good liquidity, a strong balance sheet and some value characteristics.
How to Pick Stocks With Solid Dividend Payouts?
In order to choose some of the best dividend stocks from the industry, we have run the Zacks Stock Screener to identify stocks with a dividend yield in excess of 2% and a sustainable dividend payout ratio of less than 60%.
Greenbrier: Headquartered in Lake Oswego, OR, Greenbrier designs, manufactures and markets railroad freight car equipment in North America, Europe and South America.
Greenbrier pays out a quarterly dividend of 30 cents ($1.20 annualized) per share, which gives it a 2.40% yield at the current stock price. This company's payout ratio is 31%, with a five-year dividend growth rate of 2.66%. (Check Greenbrier's dividend history here).
Greenbrier presently carries a Zacks Rank #2 (Buy). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
Greenbrier's consistent efforts to reward its shareholders through dividends and share repurchases look encouraging. In 2023, the company paid dividends of $36.1 million and repurchased shares worth $56.9 million. In 2022, it paid dividends of $35.8 million (but did not repurchase any shares). During 2021, it rewarded its shareholders through dividends of $35.6 million and repurchased shares worth $20 million. Such shareholder-friendly moves instill investor confidence and positively impact the company's bottom line.
Ryder: Headquartered in Miami, Ryder operates as a logistics and transportation company worldwide.
Ryder pays out a quarterly dividend of 71 cents ($2.84 annualized) per share, which gives it a 2.45% yield at the current stock price. This company's payout ratio is 22%, with a five-year dividend growth rate of 4.71%. (Check Ryder's dividend history here). Ryder presently carries a Zacks Rank #3 (Hold).
We are impressed with Ryder's consistent efforts to reward its shareholders through dividends and share repurchases. In 2023, the company paid dividends of $128 million and repurchased shares worth $337 million. In 2022, it paid dividends of $123 million and repurchased shares worth $557 million. During 2021, it rewarded its shareholders through dividends of $122 million and repurchased shares worth $57 million. Such shareholder-friendly moves instill investor confidence and positively impact the company's bottom line.
Why Haven't You Looked at Zacks' Top Stocks?
Since 2000, our top stock-picking strategies have blown away the S&P's +7.0 average gain per year. Amazingly, they soared with average gains of +44.9%, +48.4% and +55.2% per year.
Today you can access their live picks without cost or obligation.
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Zacks Investment Research is under common control with affiliated entities (including a broker-dealer and an investment adviser), which may engage in transactions involving the foregoing securities for the clients of such affiliates.
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Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performance for information about the performance numbers displayed in this press release.