UPS Board Increases Quarterly Dividend

Discussion in 'UPS Pressroom News' started by ROBO MOD, Feb 13, 2014.

  1. ROBO MOD

    ROBO MOD I'm a Robot Staff Member

    The UPS (NYSE: UPS) Board of Directors today declared a regular quarterly dividend of $0.67 per share, up $0.05 or 8.1%, from $0.62 per share, on all outstanding Class A and Class B shares. The dividend increase is in recognition of the company's solid cash flow performance and commitment to delivering shareowner value.

    The dividend is payable March 11, 2014, to shareowners of record on February 24, 2014.

    "During 2013, UPS generated $5.3 billion in free cash flow, enabling reinvestment for growth," said Scott Davis, UPS chairman and CEO. "In addition, we increased our shareholder distributions, paying dividends of $2.3 billion and repurchased more than $3.8 billion in UPS shares. This latest dividend increase shows that the UPS business model consistently generates improved returns to shareowners."

    UPS has a long history of its commitment to cash dividends. For more than four decades it has either increased or maintained its dividend. Since 2000, its dividend has more than tripled.

    UPS routinely posts investor announcements on its web site - www.investors.ups.com - and encourages those interested in the company to check there frequently.
     
  2. Monkey Butt

    Monkey Butt You can call me Chappy Staff Member

    Nice increase ... that gets the yield up to 2.85%.