upscorpis,
2001 Press Releases
UPS Board Sets Dividend, Announces Share Repurchase
WILMINGTON, Del., May 16, 2001 -- The Board of Directors of United Parcel Service, Inc. (NYSE: UPS), at its regularly scheduled meeting, today declared a quarterly cash dividend of 19-cents per share on all outstanding Class A and Class B shares.
The dividend is payable on June 8, 2001, to shareowners of record on May 30, 2001. The Board also approved the use of up to $1.3 billion to repurchase Class A and Class B shares.
UPS, founded in 1907, is the world's largest express carrier and largest package delivery company and a leading global provider of specialized transportation and logistics services, serving more than 200 countries and territories. Headquartered in Atlanta, Ga., the company is located on the Web at
http://www.ups.com.