UPS Increases Dividend for First Time in Two Years

Discussion in 'The Latest UPS Headlines' started by cheryl, Feb 5, 2010.

  1. cheryl

    cheryl I started this. Staff Member

    UPS Increases Dividend for First Time in Two Years - Bloomberg

    United Parcel Service Inc., the world’s largest package-delivery company, raised the quarterly dividend on its shares 4.4 percent for the first boost in two years as the economy recovers.

    The revised dividend is 47 cents a share, up from 45 cents and payable March 3 to stockholders as of Feb. 16, the Atlanta- based company said today in a statement. The last increase was 3 cents, declared in January 2008.

    UPS cited “our outlook for a gradual economic recovery and the expectation of strong performance in 2010.”