UPS May Increase Dividend on Strengthening Global Economy

Discussion in 'The Latest UPS Headlines' started by cheryl, Feb 3, 2011.

  1. cheryl

    cheryl I started this. Staff Member

    UPS May Increase Dividend on Strengthening Global Economy - Bloomberg

    United Parcel Service Inc. may increase its dividend today, signaling confidence at the world’s largest package-delivery company that the global economic recovery is gaining momentum, analysts said.

    UPS may raise the dividend to 52 cents from 47 cents, or 11 percent, according to a Bloomberg projection. UPS resumed its regular dividend increase last year after leaving the quarterly payout unchanged in 2009 amid the recession.