UPS to hike dividend, buy back more stock: CFO in paper

Discussion in 'The Latest UPS Headlines' started by cheryl, Dec 9, 2010.

  1. cheryl

    cheryl I started this. Staff Member

    UPS to hike dividend, buy back more stock: CFO in paper - Reuters

    United Parcel Service (UPS.N) plans to woo shareholders with a higher dividend and more share buybacks rather than use strong cashflow for large acquisitions, chief financial officer Kurt Kuehn told a German newspaper.

    UPS pays "a very high dividend and are planning a further dividend increase next year," Kuehn was quoted as saying in an interview published by Boersen-Zeitung on Thursday.

    "Next year, we want to significantly increase that (buyback) volume," Kuehn told the newspaper.

    He said the express delivery company -- a bellwether of the U.S. economy -- had no plans to use substantial amounts of cash for large acquisitions in the near future but would focus on small to medium-sized targets.
     
  2. Monkey Butt

    Monkey Butt You can call me Chappy Staff Member

    Looks like UPS is finally figuring out how to position our stock.
    I've been saying this is what we should do for years ... I guess we had to try and position as a growth stock but it never made sense to me.