12 Best Mid-Cap Dividend Aristocrats to Invest in Now

Page 7 of 10

4. Ryder System Inc. (NYSE:R)

Number of Hedge Fund Holders: 27

Ryder System Inc. (NYSE:R) ranks fourth on our mid-cap dividend aristocrats list. The Florida-based transportation and logistics company focuses on truck rental and leasing, fleet management, and managing both supply chains and transportation operations. The stock has surged by nearly 14% in the past 12 months.

In the first quarter of 2025, Ryder System Inc. (NYSE:R) reported revenue of $3.1 billion, which showed a modest 1% growth from the same period last year. The company’s Dedicated Transportation Solutions (DTS) segment remained the winner, delivering a 7% YoY growth in revenue at $602 million. In addition, the revenue for Supply Chain Solutions (SCS) also grew by 2% on a YoY basis. This represents the eighth straight quarter of earnings growth for the SCS segment. The DTS segment’s increased earnings were supported by synergies from recent acquisitions and solid performance from its long-established dedicated operations.

Ryder System Inc. (NYSE:R)’s cash position also remained strong during the quarter. The company generated $651 million in operating cash flow, and its free cash flow came in at $259 million, up from just $13 million in Q1 2024. On May 2, it declared a quarterly dividend of $0.81 per share. This marked Ryder’s 195th straight quarterly cash dividend, extending a streak of uninterrupted dividend payments that has lasted for over 48 years. In addition, it has been growing its payouts for 20 consecutive years, which makes R one of the best dividend stocks on our list. The stock has a dividend yield of 2.26%, as of May 5.

Page 7 of 10