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The Latest UPS Headlines
UPS to hike dividend, buy back more stock: CFO in paper
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<blockquote data-quote="cheryl" data-source="post: 789468" data-attributes="member: 1"><p><strong><a href="http://www.reuters.com/article/idUKTRE6B81KU20101209?type=companyNews" target="_blank">UPS to hike dividend, buy back more stock: CFO in paper - Reuters</a></strong></p><p></p><p>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.</p><p></p><p>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.</p><p></p><p>"Next year, we want to significantly increase that (buyback) volume," Kuehn told the newspaper.</p><p></p><p>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.</p></blockquote><p></p>
[QUOTE="cheryl, post: 789468, member: 1"] [B][URL="http://www.reuters.com/article/idUKTRE6B81KU20101209?type=companyNews"]UPS to hike dividend, buy back more stock: CFO in paper - Reuters[/URL][/B] 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. [/QUOTE]
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