H
hr
Guest
I recently heard that UPS was considering using the IRS windfall to fund a stock buyback. Anyone else heard this rumor?
D
devilsadvocate
Guest
I beleve UPS anounced a several billion dollar stock buy back, sometimes in the fall of 2002.
I had calculated it to represent about $2200 for each employee=220000. It sure would make a nice Anniversary gift.
I had calculated it to represent about $2200 for each employee=220000. It sure would make a nice Anniversary gift.
U
upscorpis
Guest
Okay, I'll bite. Are you suggesting that this money just be dispersed or are you being facetious?
D
devilsadvocate
Guest
D
devilsadvocate
Guest
upscorpis,
2001 Press Releases
UPS Board Sets Dividend, Announces Share Repurchase
WILMINGTON, Del., May 16, 2001 -- The Board of Directors of United Parcel Service, Inc. (NYSE: UPS), at its regularly scheduled meeting, today declared a quarterly cash dividend of 19-cents per share on all outstanding Class A and Class B shares.
The dividend is payable on June 8, 2001, to shareowners of record on May 30, 2001. The Board also approved the use of up to $1.3 billion to repurchase Class A and Class B shares.
UPS, founded in 1907, is the world's largest express carrier and largest package delivery company and a leading global provider of specialized transportation and logistics services, serving more than 200 countries and territories. Headquartered in Atlanta, Ga., the company is located on the Web at http://www.ups.com.
2001 Press Releases
UPS Board Sets Dividend, Announces Share Repurchase
WILMINGTON, Del., May 16, 2001 -- The Board of Directors of United Parcel Service, Inc. (NYSE: UPS), at its regularly scheduled meeting, today declared a quarterly cash dividend of 19-cents per share on all outstanding Class A and Class B shares.
The dividend is payable on June 8, 2001, to shareowners of record on May 30, 2001. The Board also approved the use of up to $1.3 billion to repurchase Class A and Class B shares.
UPS, founded in 1907, is the world's largest express carrier and largest package delivery company and a leading global provider of specialized transportation and logistics services, serving more than 200 countries and territories. Headquartered in Atlanta, Ga., the company is located on the Web at http://www.ups.com.
