Ryder Capital (ASX:RYD) said its board approved a new dividend policy, increasing annual dividends by 20% to AU$0.12 per share and moving to fully franked quarterly payments of AU$0.03 per share starting December, according to a Wednesday Australian bourse filing.
The dividend will be paid in the month after the end of each respective quarter, per the filing.
Additionally, the dividend imputation credit rate for fiscal 2026 will increase to 30% from 25%, reflecting the company's improved tax position, the filing added.
The company's shares were up over 2% in recent Wednesday trade.